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ARTICLE · 31 DECEMBER 2020

Year In Review: Cryptocurrency And Digital Assets In 2020

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The year 2020 was a difficult time for businesses across many industries. That said, hope springs eternal as digital assets and crypto-based companies have grown in popularity in 2020.

United StatesTechnology
M. Ridgway Barker
M. Ridgway Barker
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M. Ridgway Barker co-authored this article with Joseph Bambara CIPP/US.

The year 2020 was a difficult time for businesses across many industries. That said, hope springs eternal as digital assets and crypto-based companies have grown in popularity in 2020. Not only did Bitcoin ("BTC") surge past its previous all-time high of $19,783.21 to a new high of $28,300 and climbing, but Ethereum ("ETH"), the second-largest digital asset by market cap, launched its Ethereum 2.0 protocol, which hosts the trading activity for most of over 6000 digital tokens in existence today. This Ethereum platform, with its universal token standard ("ERC20"), catapulted the growth of Decentralized Finance ("DeFi").

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