End of Year Wrap
Market Recap
Uniswap Holds Gains From Previous Week To End Out Year
End of Year Wrap
Last week we shared a collection of all the articles we have written this year. This week, leading into 2022, we thought it appropriate to bring together a collection of the work several notable people and institutions have published in 2021 and some of the predictions they have made going into 2022.
Opinion Pieces
The Ultimate Guide to Inflation - Lyn Alden
The Fraying of the US Global Currency Reserve System - Lyn Alden
What Bloomberg Gets Wrong About Bitcoin's Climate Footprint - Nic Carter
Exploring the Different Types of Digital Assets - Arca
Bitcoin Net Zero - Ross Stevens & Nic Carter
Taproot: Explaining Bitcoin’s Biggest Upgrade in Four Years - Greg Cipolaro & Ethan Kochav
All You Need to Know About Washington Policy & Ethereum’s EIP-1559 Upgrade - Jeff Dorman
Banks, QE, and Money-Printing - Lyn Alden
The Impact of Bitcoin’s Reward Halvings - Greg Cipolaro
The Beautiful Self-Policing Digital Asset Industry - Jeff Dorman
Debunking 10 Digital Asset Bear Market Theses - Jeff Dorman
Protocols Don’t Capture Value, DAOs Manage Risk - Spencer Applebaum
Illuminating The Path Forward - Ross Stevens, Joshua Zwick & Randolph B. Cohen
Podcasts
Ultra Scalable Ethereum - Modular vs Monolithic Blockchains
Moon Math: The Bull Case for Cryptography
The Immaculate Conception: Bitcoin vs Fiat Standard
The Ultimate Macro Framework with Raoul Pal
Dune Analytics: The Secret Weapon of Top Crypto Investors
The Future of Bitcoin with Nic Carter
2022 Theses
Messari Crypto Theses for 2022
2022 Crypto Theses with Ryan Selkis
Arca 2022 Outlook: Themes & Narratives We’re Bullish On
21 Predictions for Crypto and Beyond in 2022 - CoinDesk
ETH and Altcoins: Predictions for 2022
We would also like to take this opportunity to thank you, our readers, for all the support through this year, and we look forward to a great 2022!
Notable Articles and News Stories This Week:
DAO Treasuries Surged 40X in 2021: DeepDAO
The total combined value of treasuries, or assets under management (AUM) for the use of decentralized autonomous organizations, increased by around 40 times between January and September of 2021.
According to data from DAO stats platform DeepDAO, the total AUM for DAO treasuries listed on the platform increased from around $380 million in January to a peak of roughly $16 billion in mid-September.
User participation in DAOs has surged as well throughout 2021, with the total DAO members and token hodlers tallying in at around 1.3 million in December, marking a 130x increase since the start of the year.
Read more about DAO growth here
Bitcoin ‘Died’ 45 Times In 2021 as Media Still Eager to Post BTC Obituaries
According to Bitcoin Obituaries data by Bitcoin education portal 99Bitcoins, the original cryptocurrency was declared “dead” as many as 45 times in 2021, which is at least three times more than in 2020.
Despite the growing number of Bitcoin critics in 2021, the number of obituaries is still significantly less this year than was recorded in 2017, the year when BTC first reached close to $20,000. That year, Bitcoin “died” 124 times.
Incepted in 2010, 99Bitcoins’ Bitcoin Obituaries list has English-language statements, including content about the fact that Bitcoin “is or will be worthless.” To qualify an obituary, the content should be produced by a person with a “notable following or a site with substantial traffic.”
Read some of the obituaries here
MicroStrategy Buys 1,900 More Bitcoins
MicroStrategy, one of the largest advocates of buying and holding bitcoin, has purchased more of the crypto asset before the year’s end.
The Virginia-based business intelligence company has bought an additional 1,914 bitcoins for about $94 million in cash, an average price of roughly $49,200, according to a Dec. 30 disclosure.
As of Dec. 29, the firm held 124,391 bitcoins, which it bought for nearly $3.8 billion, MicroStrategy CEO Michael Saylor said in a Twitter post on Thursday. The average price it has paid for all of its bitcoin to date is roughly $30,160.
MicroStrategy had announced buying an additional 7,000 bitcoins at the end of November for an average price of about $59,200.
Saylor noted the supply cap of 21 million bitcoins during an earnings call in July, adding that there is a “land grab” to acquire as much as possible.
Read more of the story here
Whilst we all have the option to look, to seek to understand, it’s often easier not to. Bitcoin, Ethereum and distributed ledger technology are complex systems that require significant due diligence. At Etherbridge, we aim to lower the barriers to understanding this fast-growing digital economy.
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This is not financial advice. All opinions expressed here are our own. We encourage investors to do their own research before making any investments.