CEO´s perspective
Dear investors,
This is the end of a historic year for the crypto world in which many great things were accomplished. First of all, Bitcoin was adopted as legal tender in El Salvador. Years, or even months ago, who could have imagined that Bitcoin would be adopted by a NATION STATE? Believe me when I say this, El Salvador is only just the first country to do this, and the Domino Effect will bring many more. Furthermore, several public companies added Bitcoin to their balance sheets, it’s the year that this broke into the mainstream, expanding Bitcoin’s reach into both the financial system and the popular consciousness. Also, 2021 was a year of growth. Asset values hit historic highs, with total crypto market cap topping off $3 trillion for a time and crypto firms routinely raising money at multibillion-dollar valuations. Financial regulators worldwide began taking digital assets more seriously than ever before, we also saw increased participation from Wall Street banks like Goldman Sachs, and the approval of the first U.S. ETF linked to Bitcoin.
In many ways, 2021 was a breakthrough, there was tremendous focus and attention paid to the crypto industry. We believe that 2022 will continue the trend set by the bitcoin and crypto industry in 2021. 2022 will be an amazing year for crypto with new ATHs, not just in prices but most importantly in fundamentals. We must always remember that we are still early, this is just only the beginning, prices will fluctuate and volatility will remain, but it is the fundamentals that we have to focus on. The Bitcoin network had a 100% uptime this year, it was the only monetary network that was active 24/7/365, and this is amazing. Individuals, billionaires, private companies, public corporations and now even countries and nation states are realizing that Bitcoin is here to stay. Sooner or later, Bitcoin will price this in! Be patient and we’ll take you to the moon.
To summarize the year in numbers, we had an excellent 2021 with a net return of 82% vs BTC that closed in a return of 59%. As every year that we have been operating, we have outperformed our benchmark. We look forward to an even better 2022 with high expectations, new projects that you will be hearing about from us soon, and great opportunities ahead! Towards the end of the month, we will be releasing our 2022 Outlook and Opportunities Report and our 2022 New Projects Report, - stay tuned.
As always, I congratulate every single one of our investors for being early, smart and courageous. I can assure you that time will come to reward us all. Thank you for believing in us and for these 12 amazing months.
Kind regards,
Iñigo Goya García
CEO, Mercuri Capital