The Future of Cryptocurrency in 2021

wazirx How is the Cryptocurrency Industry expected to be In 2021? BITCOIN IS THE 9TH MOST VALUABLE ASSET IN THE WORLD Santiment, a crypto survey website shows $11.5 trillion spot volume for Bitcoin itself while $92.5 billion for DEX volume. The technology behind cryptocurrency, i.e. Blockchain might add $1.76 trillion to global GDP Bitcoin in 10 years. Top Crypto Moments in 2020 %24 Institutions Retail Guggenheim partners to fund $500 million to The most popular news in this category is PayPal's Grayscale's GBTC. Another big news added to the crypto trading going live in the United States. Apart list is S&P Dow Jones, a major financial data firm from that, major fast food outlets like Burger King announcing to launch crypto indexes in 2021. and Pizza Hut started accepting cryptocurrencies in Even Cboe plans on doing the same. Gazprombank places like Venezuela, Germany. Even 25,000 major Switzerland, a subsidiary of one of the largest banks retail stores in France started accepting Bitcoin. in Russia, debuts Bitcoin trading. Italian motorcycle manufacturer becomes the first to accept worldwide crypto payments. India update The Supreme Court of India lifts banking ban on crypto exchanges on March 4, 2020. Regulations MOST OF THE DEVELOPED WORLD HAS ADOPTED A POSITIVE Right from the G7 to various departments of the US REGULATORY STANCE TOWARDS BITCOIN AND CRYPTO government like FATF and OCC issuing guidelines. Major countries like China, Russia, EU, Canada, and France issued statements regarding the same. Even the rest of the world, including South American countries like Mexico, Brazil, and Argentina, along with Asian countries like Vietnam, Singapore, and Japan, have started working on regulating cryptocurrencies. Top Tech Trends in 2020 DeFi STO 1 ETH 2.0 2 DeFi (Decentralized Finance) More than $1 billion ether locked in ETH 2.0. This can As per the recent report, DeFi boom drove a 1200% lead to faster blockchain adoption. increase in Dapp volume in 2020 and will form the foundation of the crypto economy in 2021. 3 STO (Security Token Offering) 4 NFT (Non-Fungible Token) SBI is planning to run its own STO allotting shares of SBI e-Sports. Even global exchanges like Huobi joined FC Barcelona footballer invests $4.3 million in a Non-fungible token (NFT) site. As per Dapp.com, Japan's STO association to streamline "the transaction NFT market is booming, where it reached a 30-day of security tokens". volume of $10.5 million, which is 115% growth from November. 5 Libra 6 Gaming Facebook's Libra is another most awaited project to Crypto gaming space include Poker network come up in the crypto space, and is ready to launch in giving 90% of the payouts in BTC, Japanese January 2021. Libra is changing its name to Diem esports company to pay their players in XRP, and association. Microsoft, EY to use blockchain for gaming rights to include payments. BTC over Gold or Other Assets 2020 is all about Bitcoin and how it is one of the best-performing assets. Many investors are adding Bitcoin to their portfolio like Morgan Stanley executive Ruchir Sharma prefers Bitcoin over gold. What to expect in 2021? CBDC CBDC 2021 - The Crypto Savvy Year Major places like Europe, Japan, Lebanon, and Canada to decide on their CBDCS in 2021. The French central 2021 predictions by crypto influencers are making rounds all over. OECD tax director reveals that bank chief eyes partnership for possible digital Euro international crypto tax standardsare coming in 2021. and even Banque de France tests digital Euro CBDC. Blockchain adoption is also making heads turn as Hashgraph CTO expects it to grow even bigger next year. Price Prediction by Market Leaders Institutional Investors in Crypto Bloomberg analyst predicts $1 trillion market cap for Bitcoin, Gold bug predicts 2021 to be a great year for The most prominent names are Ruffer, MicroStrategy, Bitcoin and Ethereum. There are various optimistic Stone Ridge, and Grayscale when it comes to price predictions by an on-chain analyst, Gold institutional investors. As per reports, corporations industry insider - Dan Tapiero, Citibank analyst, and like BlackRock, Galaxy, and others hold $15.3 billion Winklevoss twins. in BTC.