“Invest in cryptocurrencies!”, “Buy Bitcoin now!”, “Your own digital wallet, zero fees!”. These are just some of the messages you’ve probably been bombarded with on the Internet. Wherever you look on the Internet, it’s impossible not to come across someone analyzing the market and offering investment advice. Or to debunk myths, launch conspiracy theories and talk about the biggest speculative bubble of recent years.

Among all the advice and opinions, one thing stands out for sure: the market is extremely volatile, which means equally sharp wins or losses. A knife cuts bread and people, says an old proverb. This also applies to cryptocurrencies and blockchain technology.

In 2022, the cryptocurrency market went into decline. Bitcoin, the most famous virtual currency, has lost 65% of its market value mainly due to unforeseen events such as the collapse of FTX, one of the largest exchanges.

In 2023, the market began to recover, and the beginning of this year brings a certain dose of optimism in anticipation of the decision of the US Securities and Exchange Commission (SEC), which may approve the first Bitcoin ETF.

But what are you left with all this madness born around the cryptocurrency market? Panorama spoke to tax and legal experts who pointed to Romania’s cryptocurrency market and blockchain technology.

Read on Panorama.ro an analysis of where we started, where we arrived and, above all, what happened along the way.