Bitcoin expert predictions, Will Bitcoin Continue to Rise? Crypto Experts Finixio Make Their Predictions

Bitcoin expert predictions visual representation of the cryptocurrency bitcoin. S3studio Getty Images This year has been a wild ride for anyone invested in, or even just watching, the bitcoin market.

5 crucial bitcoin predictions for 2021, from a fintech expert

When the U. For those like me on the sidelines, it's an entertaining market show, with tinges of jealousy and dizziness. From my perch as editor of FINa fintech Bitcoin expert predictions, here are what I see as the crucial bitcoin trends in 1. More mainstream acceptance Bitcoin's use in everyday life has always had a chicken-egg problem: Very few use or accept it because … for one thing, very few use or accept it.

But saw a striking evolution in bitcoin adaptation.

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Inwe'll likely see an extension of this mainstream embrace. Look for at least one major U. Competition from Big Tech Whatever bitcoin may or not have accomplished in its decade of existence, it has forced a lot of big, global entities to think about offering an international digital currency.

Copy Copied What are the latest Bitcoin price predictions for ? Even as late as October, this looked exceedingly fanciful, with data from Skew suggesting that there was only a 7 per cent chance of this happening. The question now is what lies ahead in History shows us that spectacular crashes often follow new all-time highs. Is this a warning sign of things to come next year?

Every company involved in the payment space understands not only that there is a market for digital payments still up for grabs, but that payments involving different currency markets have the most potential.

That's because currently such transactions can take days to resolve, and often involve hefty fees.

Bitcoin price prediction: another surge in 2021?

This year, both Facebook and Google — companies with a massive global reach that bitcoin can only dream of — moved forward with big digital currency plans. Tech offerings like Facebook's Diem aren't exactly the same as bitcoin, but if they start to catch on inthey may eat a little into bitcoin's growth.

Bitcoin Newsletter Bitcoin Price Predictions Update Sign up to receive Bitcoin Daily — We find the top 3 crypto stories and deliver them to your inbox each morning. Bitcoin was created in early One of the stories that illustrate this growth best is that of two pizzas, which were bought for 10, Bitcoins, on May 22,by a Florida developer by the name of Laszlo Hanyecz.

China has taken the digital currency experimentation much further than any other nation. They were encouraged to link their digital cash to their bank accounts, and if they didn't spend their digital cash within a few weeks, it disappeared — both great techniques to advance the experiment.

The report suggests that investors should look to Bitcoin as an asset worth considering as it has a major advantage over other asset classes, such as gold, crude oil, and other commodities.

As China moves toward nationwide adaptation of the digital yuan, it is likely to undercut demand for bitcoin and other independent cryptocurrencies. Next year may see similar experiments in other countries. The natural assumption is that a Democratic administration will regulate more stringently than a Republican administration, Bitcoin expert predictions some have asserted that Biden will be "good for cryptocurrency.

  1. Will Bitcoin Continue to Rise? Crypto Experts Finixio Make Their Predictions
  2. Bitcoin Price Predictions: What Do Experts Say? | Coin Insider
  3. Will Bitcoin go up or crash?

Biden's team might well come up with a more comprehensive and rational way of regulating cryptocurrency, but I would not bet on any favoritism toward bitcoin in particular. Continued volatility Because the value of bitcoin is not directly tied to any obvious real-world phenomenon such as fiscal or monetary policyit can appreciate or depreciate in ways that are hard to predict or even explain.

As an investment, this makes it hard to recommend for anyone hoping to avoid big losses.

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Of course, it is just as possible that the price will head in the opposite direction in The one thing that seems certain is that the wild ride of will be repeated — so buckle up. James Ledbetter is the editor and publisher of the fintech newsletter FINand the former editor-in-chief of Inc.

Follow him on Twitter jledbetter.

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