Is Bitcoin 2021's future cryptocurrency?

[Karl_BC]

Hello, everybody!

With the increasing use of cryptocurrency in daily transactions, all signs point to blockchain technology breaking into
mainstream adoption in the upcoming years. Coupled with a growth rate of over 800% in the last four years,
it’s not hard to imagine a future that sees Bitcoin in the mainstream.

Whatever your own thoughts are on the predicted future of Bitcoin, we’re here to shed some light on the topic and
bring you our predictions for Bitcoins’ expected growth, recovery, and widespread adoption.

The future of Bitcoin in 2021

A high adoption rate and increasing use of cryptocurrencies are just two factors to keep in mind when it comes to Bitcoin’s potential as a future currency. Bitcoin has now been pegged as a currency that’s paving the way for greater security when it comes to online transactions.

Not only that, but it allows for anonymity, not to mention that banking institutions and government regulations will have no jurisdiction over the coin or the transactions that are made using Bitcoin. As businesses and consumers start to prioritize their security online, so too will they prioritize a currency that facilitates it.

Investigating the future of Bitcoin and the predictions surrounding it is a good place to start. Boasting a market cap of $200 billion (followed by Ethereum’s $40 billion), if ever there was a contender for “cryptocurrency of the future”, Bitcoin would be the one to keep an eye on. The mass adoption of Bitcoin is surely on the horizon, especially with a surging increase in blockchain technology and cryptocurrencies as a whole.

Mass adoption: the key to making Bitcoin mainstream



A future that sees Bitcoin in the mainstream is only possible with the backing of major brands and businesses. Let’s take a look at some of the businesses leading the charge in the global adoption of Bitcoin.

Amazon
Having partnered with blockchain specialists Consensys, R3, and IDEO CoLab, Amazon is in the midst of integrating blockchain technology into its operations and launching its own fully managed blockchain service. Amazon’s investment in the technology is one that legitimizes the need for and future of cryptocurrency and ensures Bitcoin and other cryptocurrencies will stay top of mind for decades to come.

Walmart
Joining Amazon in bringing legitimacy to the notion of Bitcoin as a future cryptocurrency is Walmart, who has applied to patent its own crypto coin - a decision that could see mainstream adoption happening quicker than expected.

The question won’t be whether it can stand up to Bitcoin, but instead how this will serve to escalate the process of Bitcoin itself becoming a mainstream cryptocurrency, given that its reputation precedes it even in a world where Walmart is showing up to the crypto party.

Opera
There is a growing demand for VPN-driven browsers, and at the front of the queue is Opera, which accounts for roughly 3.3% of all web browser traffic – millions of users – and so the news that it is moving into crypto should also be treated as a mainstream trigger.

Recent versions of Opera have seen integrated support for Bitcoin, Ethereum, and Tron payments. Why is this relevant to the topic of Bitcoin as a future currency? Simple. It’s a response to customer demand as much as anything else, and indicative of the power that crypto is starting to have in the digital conversation.

Mastercard
Rumour has it that Mastercard has been recruiting ‘blockchain experts’, and has sought to obtain a number of different blockchain patents relating to its processes. Again, this is something that we can file under ‘mainstream acceptance’, which is good news for everyone holding their coin collection.
Some of the other mainstream adopters and industry giants using Bitcoin as a sustainable transaction method include...

Microsoft
Twitch
Virgin Galactic
Wikipedia
Burger King
AT&T
Join the ranks of Amazon, Mastercard, Opera, and others by opting to pay with BTC.

Mainstream adoption of Bitcoin in Dubai



The only thing more impressive than the backing of a major company is that of an entire government, which is exactly what Dubai is doing. Dubai’s efforts are focused on becoming “the happiest city on earth” through the achieving of three aspirations: governmental efficiency, industry creation, and international leadership. Part of this plan includes seeing Dubai become the first city fully powered by a blockchain.

Government efficiency will come from the savings that the blockchain is able to generate. Thanks to the paperless nature of the technology, the switch to blockchain could see savings of $1.5bn annually, along with a reduction in CO2 emissions and the freeing-up of some 25.1m hours of economic activity.

Dubai plans to process visa applications, bills, and license renewals on the blockchain while creating new industry opportunities in healthcare, financial services, logistics, energy supply, real estate, and retail.

The Middle East is one of the fastest-developing regions worldwide, and its integration of the blockchain is further proof that the future of cryptocurrency and the notion of Bitcoin in the mainstream is looking more promising as 2020 draws to a close.

China is backing the Bitcoin blockchain

At the heart of China’s economic growth — second only to the US in terms of Gross Domestic Product (GDP) — is technology, with crypto, blockchain, and Bitcoin rapidly forming part of daily mainstream adoption. To give an indication of how widely accepted the technology is, just last year the World Intellectual Property Organisation (WIPO) reported that China applied for and obtained more blockchain patents than any other country.

This is great news as the sheer transparency of a decentralized blockchain prevents fraud and corruption. Data on the BTC blockchain cannot be changed or altered in any way, and this is useful not only in politics but also in a range of other industries where accuracy to the minutest detail is key.

Bitcoin in 2021

Bitcoin and cryptocurrency as a whole are governed by the simple mechanics of supply and demand. When demand goes up and supply stays roughly the same, the price – or value – of an asset increases exponentially. In a nutshell, that explains why the mainstream adoption of crypto is a good thing for anybody holding their own stash.

Once the buying and selling of Bitcoin become more prevalent, with lots of new money flooding into the market, you will see the value of your own coins increase – putting you in a fantastic position. There’s that old saying in life that you should make your money work for you, and the same is true for Bitcoin!

Cheers,
Karl

Source: Bitcasino blog

[arnold dudicove]

It is the hope of users and everyone involved in the circulation of bitcoin that 2021 must be better than ever. This expectation is reasonable given the increasing popularity of bitcoin as evidenced by a significant spike in demand. The price is relatively high, and always tops the curve. May this wish come true ...

[XM8]

I think 2021 will be a golden age for bitcoin. Because from the end of 2020 to the middle of January 2021, the price of bitcoin suddenly increased a lot. The price of bitcoin suddenly exceeded 40,000$ which is for bitcoin.So if Bitcoin can continue its growth trend then I think Bitcoin will touch 50k $ soon.

[krypto4uvak]

I think 2021 will be a golden age for bitcoin. Because from the end of 2020 to the middle of January 2021, the price of bitcoin suddenly increased a lot. The price of bitcoin suddenly exceeded 40,000$ which is for bitcoin.So if Bitcoin can continue its growth trend then I think Bitcoin will touch 50k $ soon.

I really like the way you think because I am of the same opinion that Bitcoin will definitely exceed $ 50k this year. Even much more, for some reason I am very sure of this.

[NANCY]

The price of Bitcoin was much lower in 2020 but in early 2021 the price of Bitcoin has increased a lot. The future cryptocurrency of Bitcoin 2021 is much better. Bitcoin prices have been much more profitable than before.

[Casual]

Soon after the 2021 reading, the price of Bitcoin skyrocketed.  But again, from the middle of January 2020, the bitcoin price has dropped a lot. The price of Bitcoin is now above $34k again. Maybe by 2021, Bitcoin will release $50k. I have heard from many senior brothers that by 2021 the price of Bitcoin is likely to be 70,000$.

[Azaleea]

I predict that in 2021, bitcoin will continue to soar. Just look at the journey in the previous year until the beginning of this year, bitcoin was able to exceed everyone's expectations. If it stabilizes, it is possible that by the end of this year the price could reach $ 100K

[Herry]

It is the hope of users and everyone involved in the circulation of bitcoin that 2021 must be better than ever. This expectation is reasonable given the increasing popularity of bitcoin as evidenced by a significant spike in demand. The price is relatively high, and always tops the curve. May this wish come true ...

We think 2021 is a year of possibilities and expectations. We all see the future of Bitcoin in 2021 and the future of all cryptocurrencies as bright. Yes, that's right you can now become known as a Lord of the Rings. In particular, the price of Bitcoin has been the highest in 2021 from other years. We expect the price of bitcoin to rise further this year and reach a record high.

[0t3p0t]

I bet $50,000 price for Bitcoin before year 2021 ends. $70,000 is way high but it is still possible but for me the first one will surely be reached given the current situation. But I think we need to hodl atleast a coin or fractions because this is not the race or a contest when you got the correct speculation you win but this is the race against time once you miss it you lose it.

[Condorlaib]

I bet $50,000 price for Bitcoin before year 2021 ends. $70,000 is way high but it is still possible but for me the first one will surely be reached given the current situation. But I think we need to hodl atleast a coin or fractions because this is not the race or a contest when you got the correct speculation you win but this is the race against time once you miss it you lose it.

Of course, $ 50,000 is better than staying put. Although reputable analysts predicted a larger growth of Bitcoin in 2021 up to 150K dollars. although I understand that this figure looks fantastic.

[Btceth01]

Yes, we have seen that Bitcoin has become much better in the 2021 century after 2020. Bitcoin has made people bigger overnight now. The price of Bitcoin was much lower at one time but now the price of Bitcoin has increased a lot.  The work of those who bought and held Bitcoin in 2017-18 and 2019 has brought a lot of profit.  Bitcoin is likely to grow more overnight in 2021.

[pealr12]

Could be that 2021 will be a much crypto friendlier year, now we have more big names warming up to the idea of btc, more institutional investors coming into the space, people like Elon Musk have a soft spot for btc now than previously,  so I think things are getting more ease up for btc and this is the beginning 9f a new phase in the cryptocurrency space.

[Tamsialu$$]

Cryptocurrency 2021 will be a memorable year for all of us who work in cryptocurrency. By early 2021, the price of Bitcoin had almost doubled from what it was often in 2020. By 2021, the price of Bitcoin will improve even more.

[Ghozrd]

Thank you for sharing the article with us.
I have seen a very rapid increase in the number of crypto market cap at the end of 2020 and continue in the beginning of 2021, I hope the list of platforms that are bringing the strong flow of Bitcoin into the Business can grow, so that we will see a good price increase and exceed ATH this year

[Zero0]

I think Bitcoin will move to a much better position in 2021 because at the beginning of 2021 Bitcoin showed a tremendous performance. The Bitcoin movement seems to be doing very well right now. So I think Bitcoin will be able to move to a much better position.