Global Crypto and Blockchain Investments Soared in 2021, Rising 5.5X to $30 Billion

Global Crypto and Blockchain Investments Soared in 2021, Rising 5.5X to $30 Billion

A new report by one of the Big Four accounting firms, KPMG, reveals that investment in the crypto and blockchain space grew 5.5 times the previous year to more than a record $30 billion in 2021. KPMG called 2021 a “Blockbuster year for crypto and blockchain.” ‘Blockbuster Year for Crypto and Blockchain’

KPMG published a report Monday on investments in the cryptocurrency, blockchain, and fintech space.

Noting that global fintech reached $210 billion last year, the Big Four accounting firm wrote: “We saw growing deal sizes in a wide variety of fintech subsectors — from crypto and blockchain to wealthtech and cybersecurity.”

Describing 2021 as a “Blockbuster year for crypto and blockchain,” KPMG detailed: Investment in the crypto and blockchain space soared in 2021, rising from $5.4 billion in 2020 to over $30 billion.

“Globally, there was an incredible increase in the level of recognition for the potential role of crypto and its underlying technologies in modern financial systems,” KPMG noted.

“Increasing activity in the space has also sparked further action from central banks, some of which are considering the development of digital currencies in the footsteps of the digital yuan in China,” the global professional services firm further stated.

The KPMG report also highlights that global VC investment reached a record $115 billion in 2021, surpassing the previous high of $53.2 billion set in 2018.

Meanwhile, KPMG is investing in cryptocurrency. On Monday, KPMG in Canada announced that it has invested in bitcoin and ether, putting the cryptocurrencies in its corporate Treasury. “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix,” said the Big Four accounting firm. Tags in this story Blockchain Investment, blockchain Investments, crypto blockchain, crypto fintech, crypto investments, cryptocurrency investments, fintech blockchain, fintech Investments, KPMG

What do you think about investments in the crypto and blockchain space exceeding $30 billion? Let us know in the comments section below. Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Research Firm Predicts Bitcoin Will Hit $200K in Second Half of 2022, ETH to Reach $12K MARKETS AND PRICES | 1 day ago Crypto Economy Recaptures $2 Trillion, Bitcoin Moves Back Into the World"s Top 10 Most Valuable Assets MARKETS AND PRICES | 2 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleChainWars Set to Dominate the Blockchain Gaming Sector Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItJPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility

Leading investment bank JPMorgan has changed its view on the estimate of bitcoin"s price on a long-term basis. The institution had estimated a long-term price of $146K back in November when bitcoin was over $60K. One of the most important ... read more.Russians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll Finds IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits Value Locked in Defi Climbs Higher, Polkadot TVL Spikes, Terra"s LUNA Sheds 21% Salvadoran President Nayib Bukele Expects Bitcoin to Experience a "Gigantic Price Increase"