The year 2021 is shaping up to be a watershed moment in the history of cryptocurrencies, with broad adoption, the introduction of new digital coins, and a battle with central banks over what exactly defines “money.” since october 2020, the price of bitcoin has experienced a significant increase and decrease in value. earlier this month, microstrategy, one of the world’s largest publicly traded business intelligence organizations, stated that it will spend $600 million to purchase additional bitcoin. 

in china, there is a crackdown on cryptocurrencies in operation right now. the authorities accuse bitcoin miners of wasting electricity and triggering lethal coal mining accidents, which they say is their fault.

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