As 2021 comes to a close, we'd like to take a moment to reflect on the ups and downs experienced by bitcoiners everywhere, and how our commitment to bitcoin in 2022 and beyond has only strengthened.

Bitcoin has had quite the year. Here are just a few of the unprecedented events that took place in 2021:

• Bitcoin reached all time highs in dollar terms, lost half its purchasing power, and regained it again.
• It was recognized as legal tender by a sovereign government.
• Mining was banned by the Chinese government, resulting in a global dispersion of hash power, increasing the security and resilience of the bitcoin network as it became more distributed across jurisdictions and geographical distance.
• Square and Tesla, two fortune 500 companies with household names, allocated portions of their treasuries to bitcoin.

Bitcoin has faced many obstacles since its inception. At first it seemed as if it would fail to survive the onslaughts of scammers, speculators, and governments around the world. But over time, our community managed to overcome every challenge placed before us. Bitcoin has come to embody anti-fragility – the more adversity it faces, the stronger it gets. The trials and successes of 2021 continued this amazing story, with the main difference from past years being that the stakes were higher than ever.

In a time of political division, restrictions on individual freedom, and soaring wealth disparities arising from manipulated currencies, bitcoin has never been more important. We believe bitcoin can bring fairness, opportunity, and prosperity to a world desperately in need of all three. This is why we bitcoin.

At Coinbits, the events of 2021 gave us a front-row seat to the wealth transformation of our clients and customers, and we are grateful that you have had the opportunity to benefit from early adoption while the broader world steadily marches toward bitcoin acceptance at a mass scale.

As passionate bitcoiners, we will never allow fear, doubt, or greed to sway us from our commitment to help people use bitcoin to protect and grow the fruit of their labor. There's a lot of work ahead to build a better world with bitcoin. In the meantime, we will remain patient, trust the process, and stack the hardest money ever known.

We wish you a safe and happy New Year.