Bankless 98 - 5 Things We Got Right
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Dec 27, 2021 Reflecting on a transformative year in crypto, the hosts delve into their accurate predictions and surprising developments from 2021. They highlight Ethereum's rise, evolving perceptions of cryptocurrencies, and the explosive popularity of NFTs over DeFi. The conversation also explores the lessons learned and new mental models for the future, emphasizing the importance of cryptography and legitimacy in the space. Excitingly, they discuss the potential for another bullish year in 2022 and the innovative shifts in decentralized finance.
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Crypto's Big Win
- Crypto in 2021 was a win for new technologies and a loss for incumbents.
- This was the year crypto predictions came true, like mainstream adoption and Bitcoin in company treasuries.
Crypto's Inevitability
- 2021 proved many things about crypto, capturing mainstream attention and demonstrating its staying power.
- The inevitability of crypto as an asset class is now recognized.
2021 Predictions Review
- At the end of 2020, ETH was around $700 and Bitcoin had just crossed its all-time high.
- Bankless' predictions for 2021 included ETH hitting $2500, crypto becoming multi-trillion, and DeFi tokens entering the top 10 market cap (which was wrong).