Skip to content

THE TIMES USA

The News that Matters

Menu
  • ABOUT
  • CONTACT
  • LIFESTYLE
  • NATIONAL NEWS
  • BUSINESS
  • INTERNATIONAL NEWS
  • TECHNOLOGY
  • PRICE OF BUSINESS SHOW AUDIOS
Menu

Why Cryptocurrencies Are Still a Good Investment for 2021

Posted on January 8, 2021January 21, 2021 by The Times USA News

2020 has been a rough year for so many. Bitcoin, on the other hand, has seen an explosion in value. Over the last year, the price of a Bitcoin has more than tripled to over $30k. No single positive development can explain this bull run. Rather many have come together to make 2020 a banner year for cryptocurrencies.

 

And the best news is that many will continue into 2021. Analysts are predicting 2021 to be another great year for digital currency. Let’s look at some of the signs of the bright year ahead.

Increased Merchant Acceptance

Not only are online sites beginning to accept cryptocurrencies for all types of products and services, but they are even incentivizing their customers to do so. For example, you can get bigger bonuses if you deposit with Bitcoin at the right site, which Sportsbook Bonus can help you find. The list of companies that are accepting Bitcoin has grown a lot over 2020.

 

This should be a snowball effect: as more companies offer incentives,  their customers will get more into cryptos, thus encouraging more companies to accept digital cash, and so on.

 

An incomplete list of retailers that accept BTC includes:

 

  • Microsoft
  • Overstock
  • Home Depot
  • Starbucks
  • Whole Foods

 

These are huge names and will help make Bitcoin part of the daily life of more and more people.

Institutional Acceptance

In addition to commercial venues, large, financial intuitions are also giving cryptocurrencies and blockchain technology the green light. This type of institutional approval is a huge boost to cryptocurrency. While we have begun to see the growth in value, we can expect these to have continued effects. Large financial institutions build this type of infrastructure for the long haul.

Decentralized Finance Sparks Opportunities

Decentralized finance or DeFi is an innovative technology related to cryptocurrencies. It is related because it is based on the same blockchain technology, and some Alternative Coins, such as Ethereum, run DeFi. 0

 

DeFi allows for complex financial transactions without central banks or other more authoritative centralized financial institutions. For example, with smart contracts, you can lend and borrow money without any other enforcement authority.

 

DeFi has grown even more than Bitcoin over 2020 and is no doubt fueling much of the added value in digital currencies. Over 2020, the number of funds grew by 10x to a total of $11 billion in October 2020. There is no sign of this slowing down. In fact, as financial committees weigh in on DeFi, expect them to legitimize it as they pass laws to regulate it.

Bitcoin Halving

One of the main attractive aspects of Bitcoin is its limited supply. The rate that Bitcoins enter circulating supply gets halved roughly every four years. Currently, every ten minutes 6.25 tokens enter circulation. Before May 2020, that was 12.5.

 

This means that miners get fewer BTC for their effort. Supply restricts as demand either rises or stays the same.  This will have positive pressure on the price for a long time. The stream of Bitcoins will only continue to shrink. The next halving is expected sometime in 2024.

But Possible Competition

With so much success, new powerful competition has been cropping up. This is one 2021 possibility that could be bad news for current cryptocurrencies. Expect more central banks to announce digital currency projects. China has already launched a regional pilot program.

 

In this case, privacy would be heavily reduced, rather than increased. Bitcoin has been so appealing partly because it is anonymous. However, the digital Yuan in China would not come with these privacy guarantees.

 

By some estimates, 80% of central banks are considering some form of their own digital currency.  This could go either way for BTC value. Perhaps people will just use the official digital currencies, leaving Libra, BTC, and Ethereum to drop in value. Or, the idea of digital cash will become even more accepted, and people will prefer the more private and safe option.

 

Only time will tell exactly how everything will play out!

You Might Also Like...

  • Why trade Forex

    Before we get into the details of why Forex is such an attractive market for…

  • Best Technology Gifts For Fitness Fanatics

    Fitness and healthy well-being have become very popular during recent times with many consumers wanting…

  • Why Democrats Might Find 2020 Very Disappointing

    INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE. Recently Kevin Price,…

  • IS Local SEO Still Relevant In 2021?

    Do you think local SEO is becoming obsolete in 2021? Did you know that Google…

  • Why Pilates is Good for Injury Rehabilitation

    Pilates movements restore function in many different areas of the body. It helps to improve…

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIDEO: This Week’s Best of our Network

https://www.thetimesusa.com/wp-content/uploads/2022/05/Newsweek-Editor-on-Politicization-of-Buffalo-Tragedy-and-More-5_23_22.mp4

GDPR Compliance

USABR does not collect data on its visitors.  For more information visit: https://www.usabusinessradio.com/contact-us/

Contact

Contact articles@usabusinessradio.net for more information on articles on this site. BMuyco@usabusinessradio.net for all other information.

Recent Articles

  • A “Defensive Posture” in Finance is Not Sticking Your Head in The Sand
  • Clinic for Family Dentistry in Mattapan: How To Find One?
  • Why Digital Marketing Is Now the Go-To Method of Marketing
  • 5 Things a Small Business Owner Should Know Before Scaling
  • Different Types of Legal Fees Charged by Lawyers

The Secret to Making New Rich Books Work

The Secret to Making New Rich Books Work

Also in TTUSA

  • Do Minimum Wage Increases Harm Child Health?
  • Webmasters Choose Cmaffiliates
  • How To Get Chips In Big Fish Casino – Casino: The online casino games online
  • Casino No Deposit Bonus Mobile – Online Casino Ranking: The online slot machine sites
  • Casino Niagara Pac – Online casinos: the list of safe and certified casinos

RSS The Daily Blaze

  • The Importance of Using Social Media Platforms To Improve Business and Website Traffic
  • Have You Installed the Vingo App? Open a Free Account Today
  • Famed Defense Attorney Looks at the “State of Texas vs. Melissa”
  • Powerful Habits To Become A Better Version Of Yourself 
  • A Guide to Decorating Your Wedding Venue (4 Vital Things to Remember)

The Leader in Business News

The Leader in Business News

RSS USA Business Radio

  • Cody Willard on How to Navigate a Dicey Stockmarket
  • Newsweek Editor on Politicization of Buffalo Tragedy and More
  • EPIC Software-as-a-Service – A Consumption Model for Healthcare Providers
  • US Stock Market Moving Rapidly to a Bear Market
  • Thought Leaders Find Book Publishing a Powerful Tool

RSS USA Daily Times

  • Journey to Becoming a Millionaire Begins in Your Mind
  • Chris Miles’ New Commentary Feature on Price of Business Digital Network
  • 6 Ways You Can’t Hide Text in Files, Emails and Other Data From a Search Engine
  • What to Do When Your Health Insurance Won’t Cover a Treatment
  • Post Reporter on Disaster Relief Disparity in Texas

RSS USA Daily Chronicles.

  • The Significance of the Leaked Dobbs Supreme Court Draft Opinion
  • Technology Has Improved the Way That We Play Online Games
  • Is Now a Good Time to Sell a Business?
  • The Impact of the Roe vs. Wade Overturning Might Have Could Surprise People
  • Barbara Comstock Assess the Political Primary Season

RSS Price of Business

  • Cody Willard on How to Navigate a Dicey Stockmarket
  • The Significance of the Leaked Dobbs Supreme Court Draft Opinion
  • Making Effective Strategic Decisions
  • Walk Through Guide to Buying a Dog Bed
  • Damon Becnel Shares 5 Reasons Startups Fail and How To Avoid It

RSS US Daily Review

  • How Texas Is Looking To Provide More Mental Health Providers Into the Education System
  • Sen. Manchin Joins GOP in Blasting Biden’s Interior Secretary
  • The Benefits of IT Staff Augmentation Services
  • Handgun vs. Pistol: What’s Best for Self-Defense?
  • The “Tax Cuts Causes Inflation Argument” is Old and Requires Examination

PoB Digital Network

US Daily Review

USA Business Radio

USA Daily Chronicles

USA Daily Times

The Daily Blaze

The Times USA

Price of Business

© 2022 THE TIMES USA | Powered by Superbs Personal Blog theme