Bitcoin should have a great year says PlasmaPay

Posted on Thursday, January 14, 2021 by RICHARD HARRIS, Executive Editor

Bitcoin should have a great year thanks to the macro conditions caused by the massive government stimulus packages of 2020, but Ethereum should also be able to build on the success of 2020 as DeFi matures and develops.

Bitcoin should have a great year and so will Ethereum

Expect greater numbers of cross-chain solutions to launch in response to the scaling issues which Ethereum experienced during the year, with interoperability a growing trend in the industry. Elsewhere, stablecoins such as USDT and USDC also enjoyed fantastic growth in 2020, so it would make sense for stablecoins pegged to other fiat currencies besides the dollar to gain far greater exposure too.

The indicators for Bitcoin in 2021 are extremely positive.

With governments around the world printing huge sums of money in response to the Covid-19 pandemic, the macro trends for fiat against BTC strongly favor ‘digital gold’ over the coming year. Better still, many big players are now backing the Bitcoin horse with the likes of Paul Tudor Jones and JPMorgan making positive noises. We’re very bullish for Bitcoin in 2021.

The pandemic has accelerated the move to a more decentralized world.

We’re now at a point in the evolution of blockchain and cryptocurrency where we’ve built the technology and foundations. Mainstream adoption is the biggest challenge of all, so blockchain needs to become simple enough so that even your grandma can participate.

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