Opinion

Where the crypto scene is heading in 2022

Peter Griffin
Thu, 06 Jan 2022

Where the crypto scene is heading in 2022

The number of global crypto users reached 221 million in June and it took just four months to jump from 100 million to 200 million. (Image: Worldspectrum/Pexels)

Peter Griffin
Thu, 06 Jan 2022

If you listened to cryptocurrency evangelists like Raoul Pal and Michael Saylor back in November, 2021 was destined to end with a rally pushing the price of a bitcoin towards the US$100,000 (NZ$147,000) mark.Instead, bitcoin and its key rival coins lost ground, shaking the confidence of crypto investors despite the significant increases in value overall for the year – bitcoin was up nearly 70% in 2021, Ethereum around 300%.The crypto analysts did what they do when their technical analysis fails them – blame hits to sentiment by &ldq...

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