Despite the added hurdles, the Bitcoin and crypto ecosystem not only survived but also displayed a never-seen-before resilience. Traditional store-of-value investments such as gold and stocks too suffered a similar fate. Between January-December 2022, gold investors realized a net loss of 0.3%.
Major company stocks also performed poorly this year, which includes Apple , Microsoft , Google , Amazon , Netflix , Meta and Tesla .Bitcoin started strong with a $47,680 price point in Jan. 2022, but dwindling investor sentiment — driven by year-long rising inflation, energy prices and market uncertainties — managed to bring the prices down by over 60% by December.
The noise around price fluctuations could not stop the Bitcoin network from strengthening its core against double-spending attempts, i.e.,
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