2021 Bitcoin Prediction Lists Are Rolling In

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Last Updated on 23 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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With annus horribilis 2020 almost ending, several analysts are starting to predict what will happen next year and in the years to come. Many are seeing a repeat of the roaring twenties on the horizon with incredible parties and dr*g fueled orgies.

I don’t know if we can expect that (or even if it would be wise) but looking at Bitcoin (and the wider crypto market) there are indeed some positive predictions to be read. Here are a few of their most remarkable predictions, as well as one of our own. For educational purposes only.

Advertentie.

Dollar deflation

First we start with Cryptotips possibility: given the chance that President-elect Joe Biden could end up with both a congress and senate on his side (depending on the outcome of the 5 January Senate runoff elections in Georgia), he might be tempted to increase his popularity and turn on the money printers once again, leading to a deflated dollar and a Wall Street investor crowd looking for deflation hedges.

Gold and Bitcoin then come to mind, which would in turn lead to a potential higher Bitcoin price.

Therefore, watch Georgia and the political reaction in the US. If Biden wants to get accepted on both sides of the political aisle, nothing easier than to hand out helicopter money during his first 100 days. Bitcoin would likely soar as a result.

Widespread acceptance

Second, we turn to CNBC which published several Bitcoin predictions for 2021, the most common one is that they see further widespread acceptance.

As mentioned on these pages before, the direct investment by prominent fintech companies such as Square and PayPal means that more people than ever before will be introduced to crypto.

CNBC also made a bold statement, saying:

Look for at least one major U.S. or European bank to announce some kind of system where they either enable bitcoin purchases or agree to hold digital assets for their clients.

That indeed would be a game changer.

Kanye And Jay-Z Rap About Bitcoin

Lastly, allow us to remind you about the introduction of the Euro on the US hiphop scene. It was rapper Jay-Z (currently married to Beyonce) who showed off 500 Euro bills in his song Blue Magic back in 2007.

As Forbes noted just before the last financial crisis started, the rapper could be seen flicking through a wad of 500-euro notes in the back of his Bentley, as he raps about spending my bread.

With both Megan Thee Stallion and Lil Pump both making inroads into the world of crypto, you can be sure that if Bitcoin would reach higher prices next year, major rappers like Kanye West or Jay-Z would be tempted to feature it in one of their songs.

At that moment you could really say that mainstream adoption has arrived.

Elnur_ / Depositphotos.com