The December crisis put Bitcoin at the end of its 2021 target.

When calculated by market value, Bitcoin, the world's largest cryptocurrency, closed with a 19% drop, the biggest monthly drop since May. It is also the best performance for December since 2013. The indicator is up 60% in 2021, the slowest since it was up 36% in 2015.

However, after Bitcoin and the widespread use of cryptocurrency throughout 2021 attracted financial experts and citizens around the world, Bitcoin has entered a new year. People who watch Bitcoin exchanges on a daily basis say this is all to be expected. Bitcoin is famous for its volatility.

Chris Gaffney, President of Global Markets at TIAA Bank, said, “There is a growing market,” Chris Gaffney, President of Global Markets at TIAA Bank said in an interview. "It is a speculative asset."

Bitcoin started to explode in 2021 and quickly peaked as more investors (especially Wall Street) began to view Bitcoin as a speculative asset or a hedge against inflation. Other positive developments, including the announcement of the first U.S. exchange-traded fund (ETF) to track Bitcoin futures, also pushed Bitcoin up throughout the year. According to data from research and advisory firm ETFGI, since the end of November, the value of global cryptocurrency investments has passed the record high of $ 20 billion.

Michael Purves, CEO and Founder of Tallbacken Capital Advisors, said, “What would have allowed Bitcoin to exceed $ 20,000 if organizations had elected Bitcoin because Bitcoin products were banned and its value would have increased further. " did he declare. "Bitcoin, now in its awkward youth, will need more in the next steps."