Dozens of leaders in the crypto industry are revealing their Bitcoin and crypto predictions for the coming year.
Executives of firms operating in the crypto space tell Token Daily they believe that 2021 will be a big year for BTC.
Meltem Demirors, chief strategy officer of investment firm CoinShares, expects Bitcoin to breach above $100,000. Joey Krug, co-CIO of blockchain-focused investment company Pantera Capital also sees trading at $100,00 with Ethereum valued at $2,000.
Jason Lau, COO of crypto exchange OKCoin, predicts that institutional players will race to buy the leading cryptocurrency.
“Bitcoin institutional adoption will really pick up steam, dominate the news cycle, and drive prices higher. 2H 2020 was just a taste of what’s to come.”
The CEO of Bitcoin-rewards platform Lolli, Alex Adelman, concurs with the expectation of increased institutional adoption as he believes publicly traded companies such as Tesla will add BTC to their balance sheet.
Su Zhu, founder and CEO of fund management firm Three Arrows Capital, takes it a step further and says a number of central banks will announce substantial positions in Bitcoin.
Meanwhile, other executives foresee regulatory headwinds in the coming year.
Matt Corallo of Square Crypto says he’s banking on regulators to move forward with their multi-lateral attacks on the crypto industry.
Imran Khan of Volt Capital anticipates the emergence of two worlds in decentralized finance (DeFi) as regulations impede the growth of the nascent space in the US.
“The ‘US first world’ will be semi-regulated offerings that align with regulations but are slow to adopt new technologies. Meanwhile, the ‘Asia first world’ will be untethered from regulation and free to spearhead new DeFi concepts and primitives.”
But not everyone expects regulators to stymie the growth of crypto. Blockchain Capital’s Joshua Rivera sees a Bitcoin ETF on the horizon due to the exorbitant premiums charged by digital asset fund products such as Grayscale’s GBTC and Bitwise’s BITW.
In addition, Matthew Walsh of Castle Island Ventures predicts regulatory clarity in favor of BTC.
“Clarity from the SEC on custody under rule 15c3–3 will unlock even greater levels of institutional participation in the industry. A U.S. pension fund will publicly announce a Bitcoin position, and more than one Bitcoin ETF will be approved.”Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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