2020 and the beginning of 2021 has been a big year+ for the cryptocurrency space. As usual, all eyes were on Bitcoin as it broke new highs and shattered expectations, but many other projects and events are starting to share the spotlight.
Check out these top Tweets on 2020 and early-2021 (sorry it was too long to fit in the title). We are calling it, “A crypto year in a review”
Lily explains Bitcoin!
This cute little girl became internet famous in early 2021 when she took the time to explain what Bitcoin is and how it works, using sophisticated props like stuffed animals and candy treats.
She missed a few things along the way (it's okay we'll let it slide), but all in all it was a pretty cool video.
Twitter user Documenting Bitcoin posting an amazing blast from the past, showing a man practically in awe of Bitcoin reaching $100 back in 2013.
Had you read this headline and purchased one Bitcoin in 2013, you would have seen 500x returns. Little food for thought.
Dallas Mavericks owner Mark Cuban is no stranger to the tech world nor the spotlight.
This announcement of the Dallas Maverick's accepting cryptocurrency blends both of those things. The Mavs' became the first NBA team to allow fans to buy merch and tickets to their games. We think that's a "slam dunk"..heh'.
In later 2020, Paypal adopts crypto.
I know many people in the crypto world aren't too found of the "legacy" finance companies, but regardless of your opinion on Paypal, their adoption of cryptocurrency (and not just Bitcoin) is a great step forward in further adoption of the tech.
One of the main criticisms of Bitcoin is its massive energy use. Currently, Bitcoin uses more energy per year than the entire country of Argentina (per Cambridge University).
Ripple is taking steps on a zero carbon blockchain.
Good for Ripple.
Bitcoin started 2020 valued at about 8 grand and in February 2021 was worth over 50k per Bitcoin.
Regardless of where the price goes from here, 2020 was an amazing year for this technology and adoption.
Ethereum has spent most of it's existence as number #2 to Bitcoin and it doesn't look to be slowing down anytime soon.
It wasn't always bright skies for Ethereum; back in 2016 a hacker found a loophole in the coding of Ethereum's DAO project, stealing 70 million worth of funds(at the time). To make the DAO victims whole, Ethereum hard forked and rolled back the funds to the original holders. Most crypto-purists aren't fans of hard forks, which, along with other things led to the end of the DAO.
That being said, Ethereum has seen massive success since launching in 2015, we know thing of it as a household name. It's basically a blue chip at this point.
In 2020 Ethereum turned 5!
A reminder of the old "too good to be true" mantra.
In 2020 dozens of celebrities Twitter accounts were hacked, and a message was displayed claiming that if 1k worth of Bitcoin were sent to an address, then 2k would be sent back.
Unfortunately, many folks fell for this message and millions were stolen before Twitter could restore access and delete the tweets.
Some of the other accounts involved were Joe Biden and Bill Gates.