Twitter has a lot of activity in the crypto industry in 2021. Check out some of Twitter’s crypto highlights for the year.
Another year has passed in the crypto industry, leaving an ocean of development, drama, price action and innovation – all at a pace that even Barry Allen could barely keep up with. Similar to previous years, Twitter will again be the focus of the discussion about the crypto industry in 2021.
For the past 12 months, Bitcoin (BTC) has been on a roller coaster ride in price, inedible tokens (NFTs) have sold for millions of dollars, and Dogecoin (DOGE) has hit absurd prices – and that’s just the tip of the iceberg.
Twitter is of course right in the middle, people and companies post all sorts of industry-relevant content.
To give you a glimpse into some of the promotions – a series of schedules for the future, or maybe an update for those ready to go right out of the box – here are 10 tweets on the topic of Money Industry Noteworthy Electronics from 2021 (in no particular order).
Bitcoin is recognized as money
In September 2020, Bitcoin created a new hat that will be recognized as an official currency for the first time in history. On September 7, 2021, El Salvador officially introduced BTC as a form of national currency.
The country’s president, Nayib Bukele, also tweeted several times about Bitcoin after the move.
3 minutes para hacer historia.
– Nayib Bukele (@nayibbukele) September 7, 2021
Regulation of cryptocurrencies is a hot topic in 2021
Cynthia Lummis, a U.S. Senator, has shown herself as a proponent of the crypto sector several times in a year of discussions about digital asset regulation.
An example from 2021 is their approach to combating ambiguous crypto regulations.
According to Chainalysis, crypto-related crime is smaller than criminal activity with cash. #Crypto Regulations must leave room for innovation. Just because a limited number of bad actors have abused cryptocurrency doesn’t mean it is evil.
– Senator Cynthia Lummis (@SenLummis) January 25, 2021
The mayor of Miami has kept his word
Francis Suarez, Mayor of Miami, Florida, sent out a tweet in early 2021 expressing his intention to promote cryptocurrency in the city. Over the course of 2021, Suarez has proven to be a positive driver for the adoption of cryptocurrencies both inside and outside Miami.
He gave the opening speech at the Bitcoin 2021 conference in Miami. He also expressed his intention to receive BTC for part of his annual salary, along with other moves towards adopting cryptocurrencies.
The city of Miami believes in #Bitcoin and I work day and night to make Miami the center of crypto innovation.
– Mayor Francis Suarez (@FrancisSuarez) January 27, 2021
Bitcoin feed from Michael Saylor
That particular tweet from MicroStrategy CEO and founder Michael Saylor might not be special, but it represents the longevity of one of Bitcoin’s newer cheerleaders.
Michael Saylor jumped on the Bitcoin bandwagon in 2020 and shows an ongoing passion for the asset through 2021. Saylor is personal too own a bag of bitcoins.
Saylor’s personal Twitter account has essentially become a stream of BTC posts.
Diamonds can be your best friend, however #Bitcoin forever.
– Michael Saylor⚡️ (@saylor) September 2, 2021
Peter Schiff is still skeptical about Bitcoin
The tweet shown below from Peter Schiff, a gold proponent, is also not particularly critical in itself, but continues to show Schiff’s continued skepticism towards Bitcoin. This is a position for which he is known throughout the crypto industry and which he will continue to hold in 2021 – to the point where even his son, a passionate BTC devotee, cannot. changed Ship’s mind.
Clear @saylor did not understand the game he was playing. It’s like music chairs. In the end, the one who stays holds the most #Bitcoin is the biggest loser. The winners will be the whales, who arrive early, raise the prize, and then cash out before the music stops.
– Peter Schiff (@PeterSchiff) November 3, 2021
The effect of Elon Musk
Elon Musk has repeatedly tweeted about cryptocurrencies and is known for his attention to Dogecoin (DOGE). In February 2021, Tesla announced a $ 1.5 billion purchase of Bitcoin. Tesla has also started allowing BTC as a payment method.
A few months later, in May, Musk posted a picture on Twitter to explain that Tesla is no longer accepting payments in BTC due to concerns about Bitcoin’s fossil fuel fees. Bitcoin has fallen significantly in price by the time Musk sent the tweet.
Tesla and Bitcoin pic.twitter.com/YSswJmVZhP
– Elon Musk (@elonmusk) May 12, 2021
Can a crypto asset cause problems?
A good part of 2021 has included a discussion of US dollar inflation. Money printing in the US is rife in the hands of government forces trying to ease the economic pressures of the COVID-19 pandemic.
In contrast, a large number of networks in the crypto industry allow assets to be managed by the community; Depending on the project, many of them have the potential to provide a fixed maximum offer for the number of crypto assets put into circulation. Gemini crypto co-founder Cameron Winklevoss’ tweet shows what the U.S. dollar would look like if it were a crypto asset.
Imagine a cryptocurrency that quadruples supply without community input. It won’t pass the Shitcoin chuckle test. Now remember that I am actually describing the US dollar.
– Cameron Winklevoss (@cameron) November 14, 2021
One possible correct answer to the timeline
It can be difficult to see where a new technology or industry is on the adoption curve. While opinions on the matter can depend on many factors, analyst Willy Woo’s February 2021 tweet gave the public a chance to compare Bitcoin to the internet’s boom.
In terms of adoption, Bitcoin had roughly the same number of users as the internet in 1997.
But Bitcoin is growing faster. The next 4 years on the current path will bring Bitcoin users to 1 billion which is 2005 for the internet. pic.twitter.com/Np9yTR3WkL
– Willy Woo (@woonomic) February 1, 2021
A less technical sign of acceptance (or market leadership?)
In 2021 there are already many big players in the world who are entering the crypto industry in one form or another. Popular actress Reese Witherspoon decided to get into crypto this year and shared it with the world through a tweet.
But at the end of the last big bull market in the crypto industry before 2020/2021, singer Katy Perry revealed a photo of her nails with the cryptocurrency symbol.
Just bought my first ETH! let us do this #cryptotwitter
– Reese Witherspoon (@ReeseW) September 2, 2021
A crypto arena
Top of the list in 2021: a time when crypto has become so popular that a large professional sports arena is being renamed after a crypto company, but not everyone likes the move.
We are very proud to announce that the Staples Center, the most famous arena in Los Angeles, is getting a new name:
– Crypto.com (@cryptocom) November 17, 2021
Another year, another series of tweets
Another year has passed in the ever-changing crypto industry and 2021 proves that the industry still loves getting involved on one of the most famous social media platforms in the world: Twitter.
Will 2022 prove the same? Or maybe even better?