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by Finage at December 27, 2020 2 MIN READ

Crypto

Bitcoin predictions for 2021 | Build your Bitcoin platform with Finage APIs

Some prominent names in the cryptocurrency industry shared their Bitcoin price predictions for 2021.

Announcing their predictions to Token Daily, these names generally say they believe 2021 will be a big year for Bitcoin. The chief strategy officer of the investment company CoinShares, expects Bitcoin to rise above $ 100,000. Joey Krug, one of the executives of Pantera Capital, one of the biggest investment companies in the field of crypto money, predicts that Bitcoin will be $ 100,000 and Ethereum will be $ 2,000.

Jason Lau, COO of the cryptocurrency exchange OKCoin, says that institutional players will compete to buy the leading cryptocurrency. “The corporate adoption of Bitcoin will get stronger, dominate the Bitcoin news cycle and drive these prices up,” Lau said. The second half of 2020 was just the trailer of what will happen. " used the expressions.

Alex Adelman, CEO of the Bitcoin rewards platform Lolli, is expecting more corporate adoption, as he believes public companies like Tesla will include Bitcoin in their balance sheets. Su Zhu, founder, and CEO of fund management firm Three Arrows Capital takes this a step further, suggesting that a number of central banks will use Bitcoin as a reserve currency.

Meanwhile, other executives anticipate that legal regulations will create problems next year.

Matt Corallo of Square Crypto predicts that regulators will increase their attacks on the cryptocurrency industry. Volt Capital's Imran Khan predicts that two worlds will emerge in decentralized finance (DeFi) as regulations in the US hinder the growth of this nascent field. Khan predicts that Asia will be freer and more innovative than the US in this regard. But not everyone expects regulators to hinder the growth of the cryptocurrency industry. Joshua Rivera of Blockchain Capital, Grayscale's GBTC, and Bitwise's BITW is seeing a Bitcoin ETF on the horizon due to the exorbitant bonuses on digital wealth fund products.

Additionally, Matthew Walsh of Castle Island Ventures states that regulations will evolve in favor of BTC: “SEC's clarity on custody services pursuant to the 15c3-3 rule will pave the way for a higher level of institutional participation in the industry. A US-based pension fund will announce buying Bitcoin, and multiple Bitcoin ETFs will be approved. "

Colleen Sullivan of CMT Digital also claims that 2021 will be the year of the regulators. Casey Caruso of Bessemer Venture Partners states that the percentage of Bitcoin held by institutions will double, with most tokens losing value.

Larry Cermak from The Block stated that PayPal will issue a stable cryptocurrency on Ethereum, stable cryptocurrencies will be used in areas other than trading, that the market value of Coinbase, which will be opened to the public, will exceed $ 80 billion at one point, FATF rules will be implemented and He notes that this will put pressure on the crypto-to-crypto exchanges.

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