M&A transactions in the cryptocurrency market reached $1.1 billion in 2020. According to PWC forecasts, 2021 will be able to surpass last year both in value and number of M&A deals.
M&A deals in the cryptocurrency world more than doubled in 2020 compared to 2019, reaching $ 1.1 billion. According to a report by the consulting giant PriceWaterhouseCoopers (PWC), the United States became the leader in the number of M&A transactions in the crypto market ($785 million). But 2021 threatens to be even more overwhelming.
According to the forecast of PWC analyst Anri Arslanian, 2021 is on the way to "to significantly surpass it from every single metric."
The study says the data indicates the growth and development of the cryptocurrency market, which is increasingly gaining acceptance from major investors around the world. The PWC predicts that the crypto industry will become "more institutionalized" at some point.
PWC estimates that central bank digital currencies (CBDCs), stablecoins and non-fungible tokens (NFTs) will help drive these M&A deals.
News.Bitcoin notes that the current PWC report is strikingly different from the report published in mid-2020. Then the company drew attention to the drop in the volume of M&A transactions in 2019 to $451 million from astonishing $1.9 billion in 2018.