Blockchain and cryptocurrency have garnered much attention over the past couple of years. Cryptocurrency is gradually making inroads into major economies globally, and since mid-2020, it has been on a growth trajectory (evident from the 426% surge in bitcoin’s price since Q3 2020). However, bitcoin’s price plunged below $30,000 in June 2021 (to half its worth recorded in March 2021) amid fears of China banning cryptocurrencies and crypto mining. |
