Cratos Official

Jan 19, 2021

4 min read

What happened to the crypto market over the New Year’s holidays?

Bitcoin growth

What about other coins?

What to expect from cryptocurrency this year?

  • DeFi, dominated by Ethereum, will attract more users and use cases.
  • According to the latest survey, there is a lot of disagreement as to whether we will see a market crash in 2021. Namely, 58% of respondents believe that BTC will continue to grow no earlier than the second half of 2021, while 10% believe that investors will make a profit until 2024.
  • BTC will continue to threaten gold. Some analysts believe that the days of the precious metal as a store of value are numbered due to millennials preferring cryptocurrency as a safe haven asset.
  • Zeros will be added to Bitcoin. Bloomberg Intelligence’s Mike McGlone estimates that Bitcoin will rise to 50 000 dollars in the first half of 2021.
  • For cryptocurrency, 2021 may be the year of a pullback. 52% of those polled on agree that more than half of the value of BTC could collapse in a short period of time.
  • More DeFi hacks and security breaches may occur in 2021, which will also affect the value of cryptocurrencies.
  • Some skeptics believe that Bitcoin could be zeroed out in 2021.