KPMG, a Big Four auditing company, has issued the Pulse of Fintech H1’21, a bi-annual study on digital technology advancements. In addition, a section on blockchain technology and cryptocurrency was included.
According to the study, overall investments in the blockchain globe were more than quadruple the previous high set in 2020.
The blockchain ecosystem heads into 2021 with higher hopes, not just for the possibility of companies going public but also for the continuation of a bull cycle that began at the close of 2020.
One of the report’s main draws is the perspective of investors. The sector’s growth has had a notable influence on individuals who invest in it since they now understand how everything works.
“In H1’21, a significant amount of institutional money flowed into the crypto space, highlighting the broadening of the investor base. Investor awareness and knowledge of the sector is growing, with investors now having a much better understanding not only about crypto assets but also the operational and procedural side of crypto — from custody and storage to storekeeping and the competitiveness and maturity of service providers,” The KPMG report highlighted.
As Bitcoin (BTC) delivered on its promise, the global market value soared beyond $2.5 trillion, hitting an All-Time High (ATH) of $64,500. According to the KPMG research, this growing tendency pervaded all parts of the ecosystem, including Non-Fungible Tokens (NFTs).
According to the auditing company, the crypto ecosystem’s continuing development will likely continue in the second half. Many roadblocks, particularly those touching on rules, are expected to rise in the year’s second half. Overall, the research predicted a sharper separation between cryptocurrencies and the usage of blockchain technology in the second half of the year.