[ad_1]
Some prominent names in the crypto industry shared their 2021 Bitcoin price predictions.
When announcing their predictions to Token Daily, these names generally say that they believe that 2021 will be a great year for Bitcoin.
Meltem Demirörs, chief strategy officer at investment company CoinShares, expects Bitcoin to top $ 100,000. Joey Krug, one of the executives at Pantera Capital, one of the largest investment companies in the field of crypto money, predicts that Bitcoin will be $ 100,000 and Ethereum $ 2,000.
Jason Lau, COO of cryptocurrency exchange OKCoin, says that institutional players will compete to buy the leading cryptocurrency. “Corporate adoption of Bitcoin will strengthen, dominate the Bitcoin news cycle, and drive these prices up,” Lau said. The second half of 2020 was just the preview of what will happen. “He used the expressions.
Alex Adelman, CEO of Bitcoin rewards platform Lolli, expects more institutional adoption as he believes public companies like Tesla will include Bitcoin on their balance sheets.
Su Zhu, founder and CEO of fund management firm Three Arrows Capital, takes this one step further and suggests that several central banks will use Bitcoin as a reserve currency.
Meanwhile, other executives anticipate that legal regulations will create problems next year.
Square Crypto’s Matt Corallo predicts that regulators will increase their attacks on the cryptocurrency industry. Volt Capital’s Imran Khan predicts that two worlds will form in decentralized finance (DeFi) as regulations in the US inhibit the growth of this nascent field. Khan predicts that Asia will be freer and more innovative than the United States in this regard.
But not everyone expects regulators to hamper the growth of the cryptocurrency industry. Blockchain Capital’s Joshua Rivera, Grascale’s GBTC, and Bitwise’s BITW are seeing a Bitcoin ETF on the horizon due to exorbitant premiums on digital asset fund products.
Additionally, Matthew Walsh of Castle Island Ventures states that regulations will evolve in favor of BTC:
“The SEC’s clarity on custodial services under the 15c3-3 rule will pave the way for a higher level of institutional involvement in the industry. A US-based pension fund will announce the purchase of Bitcoin and several Bitcoin ETFs will be approved. “
Colleen Sullivan of CMT Digital claims that 2021 will be the year of regulators.
Casey Caruso of Bessemer Venture Partners claims that the percentage of Bitcoin held by institutions will double, and most tokens will lose value.
Finally, Larry Cermak of The Block stated that PayPal will issue a stablecoin on Ethereum, that stablecoins will be used in areas other than commerce, that the market value of Coinbase, which will be opened to the public, will exceed $ 80 billion At some point, the FATF rules will be implemented and he notes that this will put pressure on crypto-to-crypto exchanges.
Statement of disclaimer: What is written here is not investment advice. Every investment decision is under the responsibility of the individuals. Uzmancoin and the author of this content are not responsible for personal investment decisions.
