Bitcoin (BTC) and Co. started the new year with enormous price fluctuations. Which topics could cause even more volatility in the crypto market in 2021?
Bitcoin and many other cryptocurrencies outperformed all other asset classes in 2020
BTC had a three-digit return last year and with a price increase of 303 percent was able to leave all major asset classes far behind.
Since the Corona crash in March, the Bitcoin Loophole rate has increased by more than 450 percent thanks to institutional adaptation and the global expansionary monetary policy of the central banks. Below are four of the most important topics for Bitcoin and the entire crypto space in 2021.
1. Bitcoin and Co. come into the mainstream
2021 could be the year of mainstream adaptation of cryptocurrencies. PayPal wants to give 346 million people access to digital currencies this year . In addition, it should soon be possible to pay with crypto currencies at over 26 million merchants worldwide.
In addition, it can be assumed that more and more companies and institutions will jump on the Bitcoin bandwagon. According to Square and MicroStrategy , it is therefore quite possible that even more companies will come out as Bitcoin hodlers in the coming months.
But that’s not all – Decentralized Finance (DeFi) could also achieve a breakthrough this year.