{"id":267256,"date":"2021-06-05T10:17:00","date_gmt":"2021-06-05T07:17:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/a-new-decade-rising-2021-has-brought-crypto-to-unparalleled-heights\/"},"modified":"2021-06-05T10:17:00","modified_gmt":"2021-06-05T07:17:00","slug":"a-new-decade-rising-2021-has-brought-crypto-to-unparalleled-heights","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/a-new-decade-rising-2021-has-brought-crypto-to-unparalleled-heights\/","title":{"rendered":"# A new decade rising: 2021 has brought crypto to unparalleled heights"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3be5ecbba87\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3be5ecbba87\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/a-new-decade-rising-2021-has-brought-crypto-to-unparalleled-heights\/#The_wind_of_change\" >The wind of change<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/a-new-decade-rising-2021-has-brought-crypto-to-unparalleled-heights\/#There_are_still_challenges\" >There are still challenges<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># A new decade rising: 2021 has brought crypto to unparalleled heights <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZGI5ZDgyMjQtZWFkNy00N2NkLWJiMWItOWM4MGFhZDgxM2RmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Challenges stimulate progress. <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">Technology<\/a>, pretty much like life itself, cannot be static. Only dynamics stimulate positive changes. Amid the collapse of the cryptocurrency market in mid-May, many retail and institutional investors began to lose faith in the bright future of cryptocurrencies in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> and Bitcoin (BTC) in particular. Corporations and institutions, whales, and early adopters converged in a single impulse \u2014 the internet was overwhelmed by a wave of mistrust towards \u201ccryptocurrency number one\u201d as the best defensive asset, superior to gold and everything else that had been invented prior.<\/p>\n<p>One needs to see the full picture here to realize what\u2019s h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening. The last time the market suffered more or less comparable and significant losses was a year ago, in March 2020. This year, the panic sell-offs caused by a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of negative events \u2014 Elon Musk\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> crusade against BTC, the rumoured court case against Binance and the latest crackdown on crypto from the Chinese government \u2014 bring to mind the tremendous collapse of digital assets at the peak of many asset rates in December 2017 and the succeeding \u201ccrypto winter\u201d. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Experts answer: How does Elon Musk affect crypto space?<\/em><\/strong><\/p>\n<p>However, many people who have little understanding of how the cryptocurrency market functions do not realize the depth of changes that the space has been through in recent years. Emotions are the worst enemy of an investor or trader in a rapidly growing digital asset ecosystem. It is worthwhile to look dispassionately at the facts and analyze the changes to understand the true value of ecosystems growing on the fertile soil of the blockchain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_wind_of_change\"><\/span>The wind of change<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The investment mindset has changed in recent years. Even though it continues to be dominated by a highly speculative component, there is also a practical application for the settlement. Investors switched from short-term speculations to the long <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>. The number of Bitcoin ATMs has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.statista.com\/statistics\/343127\/number-bitcoin-atms\/\">doubled<\/a> since 2020. This dramatic rise clearly demonstrates a growing demand for the world&#8217;s largest crypto assets. From a niche, the cryptocurrency industry has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/\">evolved<\/a> into a multi-billion dollar industry.<\/p>\n<p>Stablecoins \u2014 tokens pegged to their corresponding fiat asset such as the U.S. dollar, euro, etc. \u2014 have gained significant weight in 2020-2021. With the emergence of new platforms known as decentralized finance, or DeFi, protocols, opportunities appeared to offer profit without risks of the principal asset, for example. Such platforms are nothing more than distributed programs that provide clearing, custody and settlement services. Every year they take a larger piece of the pie from traditional financial institutions. The surge in activity in the environment of decentralized trading platforms also occurred because they do not have the same common vulnerabilities as centralized trading platforms in their infrastructure.<\/p>\n<p>Decentralized exchanges outperform centralized exchanges in terms of trading volume, demonstrating a thousandfold <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defiprime.com\/dex-volume\">growth<\/a> in trading volumes in the last year alone. Interfaces for interacting with DeFi can be created by any programmer anywhere globally, and the essence of this interaction is the development of a financial ecosystem running on the global blockchain. By now, DeFi&#8217;s market capitalization has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/home\">reached<\/a> over $100 billion, and this trend will undoubtedly continue soon.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>The rise of DEX robots: AMMs push for an industrial revolution in trading<\/em><\/strong><\/p>\n<p>Speaking of examples, we can outline that even large companies like Deutsche Telekom have abandoned \u200b\u200bprivate blockchains and are studying public infrastructure, supporting nodes in networks such as Ethereum, Solana, Algorand, Celo, etc. This fact suggests that the world of decentralized finance is gaining ground in the global market for clearing, custody and settlement services \u2014 just as Bitcoin had previously secured the status of a shielding asset, removing gold from its throne.<\/p>\n<p>We observe that corporate demand accelerated when real rates on dollar deposits turned negative (central bank rate minus inflation). Inflationary expectations have intensified over the past year, fueling demand for long-term capital preservation. Today, Bitcoin is successfully winning the hearts and minds of not only speculators and hedge funds who, realizing the inevitability of the devaluation of dollar balances, vote with their money and transfer some of the treasury liquidity into digital assets.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Forecasting Bitcoin price using quantitative models, Part 2<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"There_are_still_challenges\"><\/span>There are still challenges<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Meanwhile, divergence in the regulatory approach continues. Some jurisdictions have created bills, but they have no practical application. At the same time, other countries are just at the beginning of the road to create regulations, and some banally prohibit the use of cryptocurrencies \u2014 the recent example of China being a case in point. <\/p>\n<p>In the United States, for example, banks were allowed to provide custody services for cryptocurrency assets. The emerging markets of such countries as China, Russia and India stand apart, rushing from fire to fire, remaining uncertain and trying to propagandize something at the state level, offering potential investors the so-called &#8220;technological candy.&#8221; Unfortunately, in practice, all projects that reach the world level often move to other jurisdictions \u2014 which is very sad.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Stablecoins present new dilemmas for regulators as mass adoption looms<\/em><\/strong><\/p>\n<p>The future of the cryptocurrency sector is undoubtedly optimistic. Any period of &#8220;cleansing&#8221; and dumping of price ballasts, correction and decline, should be perceived as another round of evolution. In the near future, we should expect that investors will switch their attention from meticulous market monitoring, hype regarding coins (which does not carry any value to the community) and the expectation of new price records to the construction of products in developing areas. The cryptocurrency sphere is expecting the emergence of more convenient, reliable and accessible interfaces for mainstream investors interacting with the digital asset market, as well as 3.0 generation blockchains \u2014 for which fierce competition will erupt in the next few years.<\/p>\n<p class=\"post-content__disclaimer\"><em>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/em><\/p>\n<p class=\"post-content__disclaimer\"><em>The views, thoughts and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.<\/em><\/p>\n<div>\n<div style=\"background: rgb(239, 239, 239); border: 1px solid rgb(204, 204, 204); padding: 10px;\"><strong>Gregory Klumov<\/strong> is a stablecoin expert whose insights and opinions appear regularly in numerous international publications. He is the founder and CEO of Stasis \u2014 a technology provider that issues the most widely used euro-backed stablecoins with a high transparency standard in the digital-asset industry.<\/div>\n<\/div>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/a-new-decade-rising-2021-has-brought-crypto-to-unparalleled-heights\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# A new decade rising: 2021 has brought crypto to unparalleled heights &#8221; Challenges stimulate progress. Technology, pretty much like life itself, cannot be static. Only dynamics stimulate positive changes. Amid the collapse of the cryptocurrency market in mid-May, many retail and institutional investors began to lose faith in the bright future of cryptocurrencies in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":267257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZGI5ZDgyMjQtZWFkNy00N2NkLWJiMWItOWM4MGFhZDgxM2RmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,74863,74983,74877,74868,75493,4973,70934],"class_list":["post-267256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-cryptocurrencies","tag-decentralization","tag-decentralized-exchange","tag-defi","tag-stablecoin","tag-china","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/267256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=267256"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/267256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/267257"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=267256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=267256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=267256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}