Another year has passed and the crypto industry is seeing a plethora of new developments, as well as exciting dramatic stories, unexpected price fluctuations, and groundbreaking innovations – all in motion. Similar to previous years, Twitter will again be the focus of discussions in the crypto industry in 2021.
In the past 12 months, Bitcoin has seen a roller coaster ride up to a new ATH of nearly $ 69,000 and thereafter by more than 30% to a region of $ 47,000 at press time. At the same time, NFTs were selling for millions of dollars, DOGE had reached absurdly high prices, and all of this was just the tip of the iceberg. It is worth noting that the social platform Twitter is a place where people and companies post all kinds of content related to the industry.
The article will highlight 10 notable tweets related to the crypto space in 2021 (in no particular order).
Bitcoin is recognized as legal money
In September 2020, Bitcoin made a major turning point and was recognized as an official currency for the first time in history. On September 7, 2021, El Salvador declared BTC its local currency.
President Nayib Bukele also tweeted several times about Bitcoin after the move.
3 minutes para hacer historia.
– Nayib Bukele (@nayibbukele) September 7, 2021
“OLDWe make history in just 3 minutes“.
Cryptocurrency regulation is an issue hot in 2021
U.S. Senator Cynthia Lummis has voiced her views as an advocate for the crypto sector several times in a year of very active discussions about regulating digital assets.
A good example in 2021 is their opposition to vague regulations on this asset class.
According to Chainalysis, crime related to cryptocurrencies is lower than criminal activity involving cash. #Crypto Regulations must leave room for innovation. Just because a limited number of bad actors have abused crypto doesn’t mean it is evil.
– Senator Cynthia Lummis (@SenLummis) January 25, 2021
“According to Chainalysis, crypto-related crimes small as a crime involving cash. It should be Regulations about electronic money promote renew. Just because bad actors abuse the cryptocurrency doesn’t mean it is bad. “
Mayor of Miami to keep a promise
Mayor Francis Suarez of Miami, Florida, sent out a tweet in early 2021 expressing his intention to promote digital currency in the city. Throughout 2021, Suarez has been a driving force behind the rampant adoption of crypto both inside and outside of Miami.
He gave the opening speech at the 2021 Bitcoin conference in Miami and at the same time expressed his intention to receive part of his annual salary in BTC, among other things.
The city of Miami in #Bitcoin and I work day and night to turn Miami into a hub for crypto innovation.
– Mayor Francis Suarez (@FrancisSuarez) January 27, 2021
“The city of Miami believes in Bitcoin and I work day and night to make Miami a hub of crypto innovation. It is proud to say that Miami is the first city government White to postP.aper (white book) by Satoshi on the government website ”.
Bitcoin feed from Michael Saylor
Diamonds💎 may be your best friend, but #Bitcoin is forever.
– Michael Saylor⚡️ (@saylor) September 2, 2021
“Diamonds may be your best friend, but Bitcoin is forever.”
This tweet from MicroStrategy CEO and founder Michael Saylor may not be all that special, but it shows the great confidence of one of Bitcoin’s newer cheerleaders.
Michael Saylor has jumped on the Bitcoin bandwagon since 2020 and continues to show a passion for the asset through 2021. In 2020 and 2021, under the leadership of Saylor, MicroStrategy amassed large amounts of BTC. Saylor personally owns quite a number of them.
Some have asked how much #BTC I own. I personally #hodl 17,732 BTC, which I bought for $ 9,882 each on average. I notified MicroStrategy of these holdings before the company decided to buy #bitcoin for themselves.
– Michael Saylor⚡️ (@saylor) October 28, 2020
“Some people ask me how much BTC I own. Personally, I HODL 17,732 BTC which I bought for an average of $ 9,882. I informed MicroStrategy of these holdings before the company decided to buy BTC. “
Saylor’s personal Twitter account has essentially become a place to post articles about Bitcoin.
Peter Schiff is still skeptical about Bitcoin
The tweet from Peter Schiff, a notorious gold proponent, isn’t particularly significant, but it does show Schiff’s relentless skepticism towards the crypto king. This also makes him known in the crypto industry. He remained so steadfast throughout 2021 that even his son, an avid BTC supporter, couldn’t change Schiff’s mind.
Clear @saylor does not understand his game. It’s like music chairs. In the end, whoever holds the most #Bitcoin is the biggest loser. The winners will be the whales, who got on early, pumped up the prize, and then paid out before the music stopped.
– Peter Schiff (@PeterSchiff) November 3, 2021
“Michael Saylor obviously doesn’t understand the game he’s playing. It’s like music chairs. In the end, the side that holds the most bitcoins is the side that loses the most. The winner will be the whale, who arrives early, raises the price, and then withdraws before the music stops playing. “
Impair by 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. Later, the electric vehicle maker also started using BTC as a payment method.
Over the next several months, particularly in May, Musk posted a picture on Twitter stating that Tesla was not accepting payments in BTC due to concerns about too much energy, which is harmful to the environment. Shortly thereafter, Bitcoin price plunged into a catastrophic slump.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
– Elon Musk (@elonmusk) May 12, 2021
BILLIONElectronic money is a problem?
Discussions about US dollar inflation will be ubiquitous throughout 2021.
In contrast, many networks in the crypto industry allow the community to manage assets. Many of these projects have the potential to provide a fixed maximum supply for the number of cryptocurrencies that will be put into circulation. Cameron Winklevoss, co-founder of crypto company Gemini, said what the U.S. dollar would look like if it were a cryptocurrency.
Imagine a crypto where supply has increased fourfold without input from the community. It wouldn’t pass the shitcoin chuckle test. Now remember that I am actually describing the US dollar.
– Cameron Winklevoss (@cameron) November 14, 2021
“Imagine a cryptocurrency whose supply has quadrupled but without civic engagement. It won’t work kiểm TRA Fucking Coin giggle. now, I Yes, really describes the US dollar ”.
One answer to the timeline accept
It can be difficult to know when a new technology or industry will be introduced. While opinions on the matter may depend on many factors, analyst Willy Woo’s tweet in February 2021 gave the public a possible answer comparing bitcoin to the internet’s current bitcoin price.
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 path will bring Bitcoin users to 1 billion people, which is the same as 2005 for the internet. pic.twitter.com/Np9yTR3WkL
– Willy Woo (@woonomic) February 1, 2021
“In terms of adoption, Bitcoin had roughly the same number of users as the Internet in 1997. But Bitcoin is growing faster. Four next year the user will follow the current path BTC to 1 billion people, the same as for the Internet in 2005. “
Less technical acceptance marks (or reached Market?)
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 has also decided to get into crypto this year.
But shortly before the end of the last big bull market in the crypto industry before 2020/2021, singer Katy Perry revealed a photo that shows her fingernails painted with crypto symbols at the end.
Just bought my first ETH! let us do this #cryptotwitter
– Reese Witherspoon (@ReeseW) September 2, 2021
“I just bought my first ETH! Let us do this.”
A crypto arena
In 2021, crypto became so popular that a large professional sports arena was renamed after a crypto company, but not everyone liked 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
“We are very proud to announce that the Staples Center, the most famous arena in Los Angeles, is getting a new name: Crypto.com Arena.
In this 20-year partnership, we are also pleased to welcome the Los Angeles Lakers and the LA Kings as our newest partners! “.
Another year has come and gone in the ever-changing crypto industry. 2021 continues to prove that the industry still loves getting involved on one of the world’s most famous social media platforms: Twitter.
Will 2022 prove the same? Or maybe even better?
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