The year 2021 was particularly special for us. It was during its run that Blockbulletin – the space you are currently using – was created. It was also a fantastic time for Bitcoin and the cryptocurrency market. Some coins experienced exceptionally high price rallies. These were often based on the news we served you. The most important ones, in a nutshell, are presented below.
Tesla buys bitcoin
At the end of January, information about the purchases that Tesla had made shortly before came to light. In the balance sheet of one of the largest companies in the world appeared Bitcoin! The number of confirmed pieces that appear in it is 43 thousand. This was great information for the market, which influenced the dynamic growth of the king of cryptocurrencies. At later conferences this information was confirmed. We wrote about it, among others, in the article under the title “Confirmed information: Tesla and SpaceX have Bitcoin (BTC)”. The possibility to pay with Bitcoin for products manufactured by Elon Musk’s company was also a great event. Admittedly, this possibility was limited shortly afterwards, but as the interested party himself points out, he intends to return to this model of functioning of the company.
MicroStrategy relentless in its policy
The company headed by Michael Saylor remained faithful to its assumptions and aggressively invested in the Bitcoin market. Every deeper correction was bought back by MicroStrategy. The company was constantly raising new funds for purchases, which in turn we reported in an article titled: “MicroStrategy Raises Bond Value to $500 Million”. As a result, in December it announced that it held 122,478 BTC in its inventory, for about $3.66 billion, with an average purchase price of $29.861 per Bitcoin.
China unfortunately also…
“China bans Bitcoin mining (again)” – this was the title of one of the content we published, illustrating the Chinese government’s action against cryptocurrencies. For the market, it was a catalyst for declines, and consequently also a reason for the migration of miners from China to countries such as Russia, Kazakhstan, or the United States. Meanwhile, in the Middle Kingdom, work on CBDC is gaining momentum. Could Bitcoin be a conflict for this kind of project? Let this question remain rhetorical.
El Salvador the first country to accept Bitcoin!
Undoubtedly the most spectacular event of 2021. El Salvador has become the first country in the world to adopt Bitcoin as legal tender. We have written a lot about this small country from the Central American region, but the most important news was this: “El Salvador first country to accept Bitcoin”. On this occasion, El Salvador has over time become a country where more people have BTC than a bank account. That’s a real revolution!