Bitcoin, the most popular cryptocurrency in the world, has seen a 160% increase in value this year. Despite facing scandals, bankruptcies, fraud, and regulatory disputes, the crypto industry has still experienced its best year to date. Figures associated with fraud, such as Sam Bankman-Fried, Changpeng Zhao, Alex Mashinsky, Heather Morgan, and Ilya Lichtenstein, made headlines in the industry. However, there have also been positive developments, including Bitcoin's significant growth, favorable court cases, and the potential approval of a mainstream investment product in January. The industry has benefited from improving macroeconomic conditions and the enforcement efforts of US authorities. While the year has seen its fair share of bad actors, it has also been a year of progress and resilience for the crypto industry.
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