Thus, cryptocurrencies gradually started integrating into the global financial system and gaining wider adoption.

Billionaires and major institutional investors began actively investing in them. 2020 marked the beginning of a new cycle of cryptocurrency growth. One of the drivers of cryptocurrency price growth was the halving of Bitcoin, which occurred in May 2020. The reward miners receive for mining a coin decreased from 12.5 to 6.25 BTC. Overall, despite the escalation of the coronavirus pandemic, 2020 was a year of cryptocurrency growth.

In 2021, the cryptocurrency market capitalization grew by almost 200%, reaching a value of around $2.3 trillion. This year also saw a historical peak in Bitcoin price, surpassing $68,000 per coin.