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The rise in popularity of cryptocurrency over the last year has caused its market value to skyrocket.

The year 2021 has seen an unprecedented degree of interest in cryptocurrency, as seen by the number of companies that have poured money into the market in the previous year. According to Bloomberg’s newest figures in their new piece, this year’s financial inflow into crypto is extremely close to $30 billion.

This figure not only surpasses the previous high of $8 billion in 2018, but it also quadruples it. The crypto business amassed more value in 2021 than all prior years combined, with Bitcoin alone rising 1,300 percent in value and NFTs skyrocketing to worldwide recognition.

Robinhood Markets Inc. and Revolut Ltd. were the two largest crypto investors this year. Of course, we must not overlook Tesla and Elon Musk, who contributed significantly to the crypto PR this year merely by talking about it.

Michael Jordan takes home the title of greatest NFT earner of the year, having contributed $2.5 billion to the business through his NFTs.

There is no doubting that the crypto sector has pushed its way into the mainstream culture after only ten years of existence, and it appears to be here to stay after all. The stats are solid in demonstrating its meteoric climb to fame last year.

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