In 2021, the cryptocurrency market grew by 36% to $9.3 billion.
The past year in the cryptocurrency world can be described by the exchange term "mega bull run" when there is a steady upward trend in the value of assets. While in 2020, the total value of cryptocurrencies was $6.8 billion, in 2021, it rose to $9.3 billion, showing a growth of 36%.
According to a report of the CoinShares platform, the main inflow of new money came from Bitcoin, amounting to $6.3 billion. However, despite the impressive figure, the annual growth rate was only 16%, which is the lowest compared to other cryptocurrencies. Thus, Ethereum's growth doubled from $920 million in 2020 to $1.3 billion in 2021 (although outflows were totaling $161 million in December.)
Along with the influx of money, investigators noted the growth of crypto-assets and investment products. The total number of digital moments in investment products grew from 9 to 15, and the total number of new investment products launched was 37 (in 2020, there were 24 launched. A total of 132 are available as of today). This indicates the growing popularity of the whole cryptocurrency sector.
“While the increase from 2019 to 2020 was significantly higher at 806%, we believe this represents a maturing industry, with total assets under management (AuM) ending the year at US$62.5bn in 2021 versus just US$2.8bn at the end of 2019”, noted the authors of the report.