![]() ![]() People will soon realize that true financial freedom doesn't require a banker's consent - all it takes is a self-hosted wallet and a willingness to accept the future of money.Ĥ. Simultaneously, centralized blockchain finance (Celsius, Nexo, BlockFi) leads the way for retail. ![]() As security improves and the DeFi industry goes mainstream (emboldened by crypto adoption from PayPal and Visa), expect TLV to skyrocket. Still, their allure was blunted by the ongoing security exploits and losses suffered by projects like Cover Finance.Ģ021 will see DeFi take the lessons learned from such exploits to build and strengthen their offerings into the future. Such a gargantuan rise was made possible by incredible DeFi platforms and products like Uniswap, Compound, Yearn Finance, Aave, Maker, Synthetix, SushiSwap, Curve, and Balancer.Ī second-tier round of DeFi darlings led by C.R.E.A.M. In 2020, the DeFi TLV (total locked value) skyrocketed from $650M in February to $14.5B by year's end. DeFi total locked value could exceed $30 billion and significantly disrupt traditional finance Will history repeat itself? We have all of January 2021 to find out. In 2017, the CME also developed Bitcoin futures that were widely credited as the rocket fuel powering BTC's launch. Looking for a reason to believe? On February 18, 2021, the CME Group is launching Ethereum futures. Large financial institutions may not understand the significance of that yet, but they will - oh, will they ever. It's common knowledge that in 2017, after Bitcoin rampaged its way to $20K, Ethereum set off on a run of its own that culminated in $1,400 ETH.Īfter Bitcoin's stellar year and run to $30K, Ethereum is primed to step out of BTC's shadows as traders look elsewhere for chasing all-time highs.īitcoin may be digital gold, but Ethereum is digital oil. ![]() Make sure to have some popcorn on hand because the land-grab will likely be epic.Īs no-coiners realize the errors of their ways, they'll try to amend them as quickly as possible, taking BTC price to dizzying heights leading into 2022. The Bitcoin is digital gold tagline has not only stuck, but it's well and truly come to easily define BTC for a new generation of believers.Īs such, with untold swaths of wealth waiting in the wings, 2021 will be the year financial institutions finally FOMO into the market. Whatever - and whoever - is responsible for it, financial institutions have finally accepted Bitcoin as an asset worth holding from here on out. Or perhaps it was Microstrategy, Mass Mutual, Ruffer Investment, and Square combining to buy several billions of dollars worth of BTC. No, wait, maybe it was the other legendary investors like Stanley Druckenmiller and Larry Fink, who all praised Bitcoin. Maybe it all started with legendary investor Paul Tudor Jones declaring there was massive upside to BTC, or that he called it a better inflation hedge than gold. Instead, BTC bounced back from the brink to become a darling of the financial institution world. In March 2020, some Bitcoin naysayers were preparing eulogies during what they presumed was Bitcoin's plunge to zero. Take these opinions with a grain of salt.ġ. Cryptocurrency is volatile and risky, there is no guarantee the market will continue to perform well in 2021. They are solely the opinion of the author. Warning: These predictions are not investment advice and should not be taken as investment advice. If 2020 was the year of Bitcoin and DeFi, what does next year hold? Here, dear reader, are 7 Bitcoin, Ethereum, and altcoin predictions for 2021. Ironically enough, as decentralized money, Bitcoin has always been about DeFi - but now, we have a very catchy name for that application. Suddenly, cryptocurrency + blockchain had a real raison d'etre that everyone could rally around. Like a phoenix rising from the ashes of a multi-year bear market, DeFi illuminated the cryptocurrency industry unlike ever before. ![]() The clearest sign of this was the remarkable rise of DeFi (decentralized finance). In 2020, developers - not speculators - who created real value as the world around them appeared to crumble. Hop the fence, and you enter the far more enchanting space of blockchain development wherein real value is being created. However, price action is only the speculative facet of the cryptocurrency industry. Ditto, Ethereum, which experienced a March low of $112 but is now cruising over $1,000. Now, at the year's end, Bitcoin is sitting well above $30,000. How volatile are we talking? During the March crash, BTC dipped into the $4K region. Bitcoin was affected too, most notably in the way of incredible amounts of market volatility. We don't need to get into details on this point as you, along with the rest of Earth's 7.8 billion people, have surely felt some of the repercussions.īut, we digress. Let's just clear the air real quick: 2020 was an insane year for not only Bitcoin but life in general. ![]()
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