Remember the parabolic rise of bitcoin (BTC) from $1000 to $17000. For cryptocurrency stakeholders, investors, and crypto exchanges alike, 2017 was a phenomenal year because it was not just limited to bitcoin, the positive momentum replicated with Ethereum, ETH ($10 to $788), XRP ($.006 to $.257), and other cryptocurrencies. For several new cryptocurrencies like BNB, it was the debut year.sourceIt has been 4 years since then. In this period, cryptos have also braved the historic pandemic but emerged out of the worst financial scenarios with flying colors. Here is an analysis of what kept cryptos momentum on and what\u2019s the way forward for investors and other stakeholders.Cryptos are not a safe refuge for black moneyThe popularity and acceptance of cryptocurrencies have defied the illegal tag. Much before the heydays of 2017, when bitcoin or other crypto traders were making unexpected gains and becoming prosperous, this theory was propounded as many, particularly those who abstained from investing due to fear or mistrust, were unable to digest the success of their counterparts. It was true to some extent but not the complete truth. Bitcoin has completed almost more than a decade, Ripple is also close to it, and there are many that have completed almost five years or more. In the 2017 bull run phase, the myth that cryptos are only for illegal trades got busted, and by 2021, it has become almost mainstream trading. The growing market capitalization worth and circulating supply prove the transition right.With bitcoin surpassing the value of fiat currency or even outperforming value appreciation, its use like money to buy a commodity shall not surprise. Now, the use type \u2014 legal or illegal \u2014 depends upon its owners. Fraudsters like drug traffickers were always there ever since the origin of fiat, and they exist even in this\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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