Although it’s hard to say for certain how any stock or currency will perform in the future, there is looking to be a lot of buzz around cryptocurrency in 2021.
If you’ve taken a look at cryptocurrency markets over the past few weeks, you’ll know that Bitcoin and a number of other cryptocurrencies are skyrocketing in value with little signs of slowing down.
The Bitcoin price has grown more than three-fold since Christmas and a tonne of alt coins are following suit, as is typically expected. The Ether value has seen value changes of more than 50 per cent over the same period, and some lower cap coins are climbing rather rapidly too.
With that in mind, it might be safe to say that cryptocurrency and the developments in the blockchain may dominate the financial markets in 2021.
Stability Could Reign Supreme
Adjacent to what we mentioned above, the stability in the crypto sector may be one of the biggest dominating factors to keep in mind.
With the number of stable-coins surging by a whopping 500 per cent last year, it could be said that the financial markets are going to see a battering in 2021 by the cryptocurrencies designed to take their place in the coming years.
More and more alt coins are seeing steady price growth, and a lot of experts are now touting that reserved and controlled growth might be what crypto is going to offer us all in 2021.
That in mind, the stable coins that are solidly backed by the dollar are predicted by experts to pass a $150 billion value this year and become more commonplace in the financial markets.
Investing in Crypto Remains Effortless
For those seasoned investors and even anyone new to the crypto market, you’ll know that when it comes time to buy coins like Bitcoin, the process still remains as easy as ever – for the majority, using an exchange such as Independent Reserve is the go to process.
With this in mind, there’s little issue when it comes to getting your hands on crypto assets and this will be a significant key to growth and cryptocurrency domination in 2021.
So long as investing in the coins remains effortless, experts are touting that we can at least expect some movements in the industry to remain — no matter how small.
Increased Regulation Means Increased Trust
A somewhat bittersweet point to note for crypto in 2021 is the regulation of a variety of different coins and technologies.
As cryptocurrency continues to swell in value, beyond anything we could have predicted, government and central banks are looking for any avenue to control and regulate these currencies in 2021.
That in mind, we’re inclined to agree with the experts who are touting that this is a good thing. This regulation may be taking away a little of the freedom and safety associated with crypto, though the clarity and safeguarding of investments through regulation may be exactly what the coins need to become even more popular.
A more legitimised and ‘legal’ crypto is something that may get big fish investors to dive further into the currencies and enable them to dominate in 2021.
The IPOs are Still Coming
Another key stat to keep in mind are the IPOs still making their way to the market this year.
As you may already know, there are a few crypto IPOs planned for 2021 and these remain a great way to judge the standing of the cryptocurrency market.
With a few currencies still planning on arriving at the scene, experts are letting the public know that there still seems to be avenues for growth in the industry.
PayPal’s Arrival Will Change the Game
To end, one of the biggest players in the financial market arriving on the crypto scene is going to cause major waves in the value and the power that cryptocurrencies hold.
As PayPal enters the crypto investment field in the US with their service to buy into crypto assets, there’s expected to be a huge uptake of coin investment over the coming years — and this is down to more than 20 percent of PayPal users expressing their desire to use the new crypto service.
That in mind, cryptocurrency specialists have touted that this is likely to send ‘shockwaves’ through the market in 2021 and bring crypto assets closer to normalcy than ever before.