The year 2021 can be called the year of cryptocurrencies. On the one hand, the market capitalization of digital assets has more than increased tenfold in just 12 months. And, on the other hand, regulators in many countries are actively calling for a regulatory framework to regulate the crypto industry. Big names have had a big impact on the crypto community, and helped change market sentiment. Here is a list of five most influential people in the crypto industry of 2021.
1. Elon Musk
The CEO of Tesla and SpaceX played a key role in the rise and fall of the crypto market in 2021. His Twitter posts have driven the price of memes like Dogecoin (DOGE), Shiba Inu ( SHIB) and Floki Inu (FLOKI). However, he also contributed to the market collapse when he refused to sell his electric cars for bitcoins (BTC). Globally, the entrepreneur has been recognized by TIME and Financial Times as the personality of the year. Elon Musk can therefore be rightly considered the personality of the year for the cryptocurrency industry.
2. Nayib Bukele
El Salvador’s President Nayib Bukele is the most influential politician in the cryptocurrency industry over the past year. He was the first to adopt bitcoin as legal tender in his country. Its confidence in the first cryptocurrency has led other countries in the Latin American region to consider legalizing the first cryptocurrency as well. Bukele believes cryptocurrencies are the future of the global economy.
3. Mark Zuckerberg
Mark Zuckerberg sparked a wave of hype around the Metaverse in 2021. In July, Facebook began forming a team to create its own Metaverse, which will be part of Facebook Reality Labs. To underscore its serious intentions, the company changed its name to Meta in October. The tech giant will continue to develop social media Facebook and Instagram, as well as the WhatsApp messaging service, but it will focus on creating a metaverse. After the presentation of the project, investors began to buy shares of companies that could benefit from the development of metavers.
4. Changpeng Zhao
Changpeng Zhao is the CEO of Binance. It’s hard to overestimate the company’s contribution to the spread of cryptocurrency around the world. In an interview with Bloomberg in April 2021, Changpeng said that“Binance was likely to have more exchange licenses in the world”.
5. Jack Dorsey
Jack Dorsey, co-founder of Twitter and Square, is a strong supporter of bitcoin. Last year he frequently commented on developments in the crypto world. Additionally, Dorsey invests in crypto start-ups, speaks at blockchain conferences, and believes that in the next ten years bitcoin will become a single global currency and the primary form of payment on the internet.
The Square company, which develops solutions for accepting and processing electronic payments, has invested $ 50 million (25% of its assets) in bitcoin. In February 2021, the company acquired additional bitcoin for an amount of $ 170 million.
Today, the people whose statements have the most impact on the crypto market are IT people, investors, and politicians. However, the results of various studies suggest that no matter how popular a person in the crypto industry is, their impact in the market is limited. It can only reinforce a certain trend, but it cannot shape it. Technical analysis remains relevant.
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