Another year has passed in the cryptocurrency industry, leaving behind an ocean of developments, dramas, price swings, and innovations, all evolving at a breakneck pace that even Barry Allen should have expected. hard to follow. As in previous years, Twitter once again served as a hotbed for discussion of the crypto industry in 2021.
Over the past 12 months, Bitcoin (BTC) has been on a roller coaster ride, non-fungible tokens (NFTs) sold for millions of dollars, and Dogecoin (DOGE) has hit illogical prices – and that’s just the peak of the iceberg. Twitter, of course, was right in the middle of the action, with people and businesses posting all kinds of industry-related content.
Offering a glimpse into the action – sort of a time capsule for the future, or perhaps an update for people who operate away from the heartbeat of the industry – here are 10 notable tweets related to the industry. crypto from 2021 (in no particular order).
Bitcoin recognized as money
In September 2020, Bitcoin took off a new hat, gaining recognition as an official form of currency for the first time in its history. On September 7, 2021, El Salvador officially established BTC as a form of money in the country.
The country’s president, Nayib Bukele, has also tweeted several times about Bitcoin after the move.
3 minutes for the story.
– Nayib Bukele (@nayibbukele) September 7, 2021
Crypto regulation a hot topic in 2021
Cynthia Lummis, a U.S. senator, has shown her colors as a promoter of the crypto industry on several occasions during a year filled with discussions on the regulation of digital assets.
An example from 2021 included his actions to fight vague crypto regulations.
According to Chainalysis, cryptocurrency-related crime is smaller than criminal activity with money. #Crypto regulations must leave room for innovation. Just because a limited number of bad actors have abused crypto doesn’t mean that it makes it bad.
– Senator Cynthia Lummis (@SenLummis) January 25, 2021
Miami mayor kept his word
Francis Suarez, the mayor of Miami, Florida, tweeted in early 2021 noting his intention to push crypto into the city. Throughout 2021, Suarez has proven to be a positive force for crypto adoption both inside and outside of Miami.
He gave the opening speech at the Bitcoin 2021 conference, held in Miami. He also expressed his intention to receive BTC for part of his annual salary, among other crypto adoption moves.
The city of Miami believes in #Bitcoins and I’m working day and night to make Miami a hub for crypto innovation.
– Mayor Francis Suarez (@FrancisSuarez) January 27, 2021
Michael Saylor’s Bitcoin flow
This particular tweet from MicroStrategy CEO and Founder Michael Saylor might not be particularly special, but it represents the longevity of one of Bitcoin’s new cheerleaders.
Michael Saylor jumped on the Bitcoin bandwagon in 2020 and showed a continued passion for the asset until 2021. Throughout 2020 and 2021, with Saylor at the helm, MicroStrategy has amassed large piles of BTC. Saylor also personally possesses a bag of Bitcoin.
Saylor’s personal Twitter account has essentially become a BTC post feed.
Diamonds might be your best friend, but #Bitcoins is always.
– Michael Saylor⚡️ (@saylor) September 2, 2021
Peter Schiff’s continued skepticism on Bitcoin
The tweet below from Gold Advocate Peter Schiff is also not particularly important in and of itself, but more so represents Schiff’s continued skepticism of Bitcoin. It’s a position he is known for throughout the crypto industry and a position he has maintained throughout 2021 – so much so that even his son, a staunch supporter of BTC, n not amended the spirit of Schiff senior.
Clearly @saylor does not understand the game he is playing. It’s like musical chairs. In the end the one who stays the most #Bitcoins is the biggest loser. The winners will be the whales that came in early, raised the prize, and then cashed in before the music stops playing.
– Peter Schiff (@PeterSchiff) November 3, 2021
Elon Musk’s impact
Elon Musk has tweeted about crypto several times and is known to pay attention to Dogecoin (DOGE). In February 2021, Tesla unveiled a $ 1.5 billion Bitcoin purchase. Tesla has also started allowing BTC as a method of payment.
Months later, in May, Musk tweeted an image explaining that Tesla’s stopping from accepting the BTC payment was due to concerns about Bitcoin’s energy balance. The price of Bitcoin dropped noticeably by the time Musk sent the tweet.
Tesla and Bitcoin pic.twitter.com/YSswJmVZhP
– Elon Musk (@elonmusk) May 12, 2021
A crypto asset that would pose a problem?
Much of 2021 has included a discussion of US dollar inflation. Money printing in the United States has gone wild in the hands of government forces trying to alleviate the economic downsides of the COVID-19 pandemic.
In contrast, many networks in the crypto industry allow assets to be governed by the community; according to the project, many of them have the potential for fixed maximum supplies for the number of crypto assets that will be put into circulation. The tweet from co-founder of crypto firm Gemini, Cameron Winklevoss, shows what the US dollar would look like if it were a crypto asset.
Imagine a crypto where the offer has been multiplied by 4 without the contribution of the community. He wouldn’t pass the shitcoin laughter test. Now think about the fact that I am actually describing the US dollar.
– Cameron Winklevoss (@cameron) November 14, 2021
A possible answer on the adoption schedule
It can be difficult to know where the new technology or industry fits on an adoption timeline. While opinions on the matter may vary depending on several factors, analyst Willy Woo’s tweet in February 2021 gave the public a possibility, comparing Bitcoin to the internet boom.
In terms of adoption, Bitcoin has roughly the same users as the internet in 1997.
But Bitcoin is growing faster. The next 4 years on the current track will bring Bitcoin users to 1 billion people, which is the equivalent of 2005 for the Internet. pic.twitter.com/Np9yTR3WkL
– Willy Woo (@woonomic) February 1, 2021
A sign of less technical adoption (or the top of a market?)
The course of 2021 was filled with many big players from the mainstream world getting involved in the crypto industry in one form or another. Famous actress Reese Witherspoon decided to dive into crypto this year, telling the world through a tweet.
The end of the crypto industry’s last major bull market before 2020/2021, however, saw singer Katy Perry reveal a photo of her fingernails painted with cryptocurrency logos on them in late January 2018 – close from the top of the market.
I just bought my first ETH! Let’s do this #cryptotwitter
– Reese Witherspoon (@ReeseW) September 2, 2021
A crypto arena
Top of the list for 2021: The days when crypto became so mainstream that a large professional sports arena was renamed after a crypto company, but not everyone liked the decision.
We are extremely proud to announce that the Staples Center, Los Angeles’ most iconic arena, is changing its name:
– Crypto.com (@cryptocom) November 17, 2021
Another year, another batch of tweets
Another year has passed in the ever-changing crypto industry, with 2021 proving that the industry still enjoys participating in one of the most important social media platforms in the world: Twitter.
Will 2022 be similar? Or maybe even better?