The Surprising Catalyst Behind the Sudden Resurgence in Cryptocurrencies

Last year, cryptocurrencies dominated in a way that Wall Street had never seen before. In just a span of 12 months, the aggregate market cap of all virtual currencies soared by more than 3,300%, or almost $600 billion on a nominal basis. At no point in history can I recall an asset class gaining more than 3,300% in value in just 12 months, and I doubt we'll ever witness it again.