2021 Is The Year Of Crypto

in #crypto7 months ago

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2020 was a very rough year for most of the people in the world, but for Bitcoin holders and crypto owners it was a pretty good year. To be honest though, I don't think we've seen anything yet.

The problem is, the U.S. dollar is dropping rapidly. Stimulus keeps pumping, and that may sound like a good thing in the short term, but the long-term ramifications could be bad. Not only for the economy, but all the countries that use the reserve dollar.

Crypto could be the solution for a dropping dollar as we move to a new evolution of our financial system.

At the end of 2020, we almost reached a trillion dollar valuation for the entire crypto market. In 2021 it is likely we could see that go up 7 fold.

A seven trillion dollar crypto market would push Bitcoin up over $250k and would truly mark the transition to a new form of asset class and institutional investing.

What could stop it?

The SEC attacking more cryptos.

A major hack or lack of trust in the system.

The government cracking down on stable coins.

There are some things that could ruin the run, but there are a lot more things in favor of crypto than against it. So to me, I think that 2021 is the year of crypto.