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.