BREAKDOWN: The Statistics That Defined 2021
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 December 2021
⏱️ 15 minutes
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Summary
Featuring the insights of two excellent end-of-year reports.
This episode is sponsored by NYDIG.
Today’s episode digs through two excellent end-of-year reports from Messari and The Block to curate a set of numbers and statistics that tell the story of the markets in 2021. These numbers include growth in on-chain metrics, hashrate and other types of adoption.
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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: SEAN GLADWELL/Moment/Getty Images, modified by CoinDesk.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.2 | It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world. |
| 0:16.3 | The breakdown is sponsored by Nidig and produced and distributed by CoinDesk. |
| 0:22.6 | What's going on, guys? It is Friday, December 17th, and today we are doing a fun little |
| 0:27.6 | episode where I'm going to look at some of the most interesting numbers from two awesome |
| 0:33.7 | end of the year research reports. The first comes from Masari and is their annual |
| 0:38.8 | crypto-theses report. This started a few years ago with Masari CEO Ryan Selkis just going |
| 0:45.2 | off on a tangent on Twitter one day and writing 100 theses that he published to Medium. |
| 0:49.6 | And now it's grown into a nearly 200-page report that has multiple contributors and a ton of, shall we |
| 0:55.3 | say, attitude. It's always a really fun read and this year is no different. However, it's not the |
| 1:00.4 | only great end-of-year report out there. The Block Research also dropped their nearly 200-page |
| 1:05.5 | 222 digital asset outlook. That project was led by the Block's head of research, Larry Sermak, but has a ton of |
| 1:12.3 | people contributing as well. So first of all, thank you so much to both the teams at Masari and |
| 1:17.5 | the Block for their awesome work on these reports. And now let's dig into some of these numbers. |
| 1:22.8 | These are presented in no particular order, but I think tell the story of the year in a pretty cool fashion. |
| 1:28.9 | The first number is $3 trillion, and of course that's the total market capitalization of the |
| 1:34.6 | crypto industry, or at least that's where we peaked. Now, this is a pretty big and monumental |
| 1:39.9 | year for total market cap in the crypto industry. In January, it hit $1 trillion for the first time. |
| 1:47.2 | As Masari put it, crypto's $3 trillion of liquid value creation in 10 years now rivals that of |
| 1:53.0 | all other venture-backed startups combined, which is a pretty phenomenal statistic. |
| 1:58.3 | Now, what I want to add about why it's significant is a couple things. First, |
| 2:02.8 | one of the themes that is so clearly a part of both 2020 and 2021 is the institutionalization |
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