2 years ago
A caller study by 1 of the Big Four accounting firms, KPMG, reveals that concern successful the crypto and blockchain abstraction grew 5.5 times the erstwhile twelvemonth to much than a grounds $30 cardinal successful 2021. KPMG called 2021 a “Blockbuster twelvemonth for crypto and blockchain.”
‘Blockbuster Year for Crypto and Blockchain’
KPMG published a study Monday connected investments successful the cryptocurrency, blockchain, and fintech space.
Noting that planetary fintech reached $210 cardinal past year, the Big Four accounting steadfast wrote: “We saw increasing woody sizes successful a wide assortment of fintech subsectors — from crypto and blockchain to wealthtech and cybersecurity.”
Describing 2021 arsenic a “Blockbuster twelvemonth for crypto and blockchain,” KPMG detailed:
Investment successful the crypto and blockchain abstraction soared successful 2021, rising from $5.4 cardinal successful 2020 to implicit $30 billion.
“Globally, determination was an unthinkable summation successful the level of designation for the imaginable relation of crypto and its underlying technologies successful modern fiscal systems,” KPMG noted.
“Increasing enactment successful the abstraction has besides sparked further enactment from cardinal banks, immoderate of which are considering the improvement of integer currencies successful the footsteps of the integer yuan successful China,” the planetary nonrecreational services steadfast further stated.
The KPMG study besides highlights that planetary VC concern reached a grounds $115 cardinal successful 2021, surpassing the erstwhile precocious of $53.2 cardinal acceptable successful 2018.
Meanwhile, KPMG is investing successful cryptocurrency. On Monday, KPMG successful Canada announced that it has invested successful bitcoin and ether, putting the cryptocurrencies successful its firm Treasury. “This concern reflects our content that organization adoption of crypto assets and blockchain exertion volition proceed to turn and go a regular portion of the plus mix,” said the Big Four accounting firm.
What bash you deliberation astir investments successful the crypto and blockchain abstraction exceeding $30 billion? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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