2021 Bitcoin Predictions
by Psychedelic Bart | Jan. 21st, 2021 | vol.9
“2020 marked the beginning of an era where we began to see large scale capital conversion from the USD to bitcoin on an institutional level. Intellectual capital is approaching critical mass from previous pre and no-coiners as their tired recycled FUD is increasingly difficult to rationalize. Retail has certainly warmed up but feels distinctively different from 2017. The narrative and clarity for bitcoin continues to come into focus for those with the intellectual curiosity to take the red pill. The rocket ship we thought we were boarding in 2017 has turned into a lifeboat due to the federal reserves endless printing. I don’t know exactly where we’ll land on the moon but my non technical analysis is above the 200k mark. This is the real great reSat.”
“We’ll get Taproot activation, Bitcoin ETF in the U.S., more institutions & billionaires joining the party, and Bitcoin > $1 trillion market cap.”
“Inheritance planning becomes a significant topic for Bitcoiners. Expect development of better tools for safely bequeathing Bitcoin to heirs. Tools will use multisig and timelocks to create more elaborate contracts. Tools will generate printable documents with instructions for heirs/executors.”
“Many people will get their funds frozen on major exchanges due to bitcoin sky rocketing into the stratosphere. There will be shotgun KYC on several major exchanges and people will learn how to have fun staying poor. But more importantly this will be the year people will learn the importance of holding your own private keys.”
“Bitcoin will be discussed in a US Presidential address to the nation in 2021.”
“At the top of this cycle (200k+) it will feel like hyperbitcoinization is inevitable and just around the corner.”
“2021 will be the year the BTC node truly matures into an identity object on the internet. Like Google, FB or Twitter, your node will begin to log you in and represent a reputation online. What ION (Identity Overlay Network) on BTC has done will grow and become more valuable then we can imagine for self identification. One of the first decentralized tools for this purpose.”
“New privacy solutions will arrive that will make using the Lightning Network easier and also make on-chain transactions more private. Bitcoin will reach 100k USD this year. Everyone will start taking bitcoin much more seriously. As Joe Biden cranks up the FIAT printer to 11, we will see more and more inflation arriving into our life that will push Bitcoin’s price further upwards.”
PsychedelicBart, a member of the “Taco Pleb” family, has been involved with Bitcoin since 2013. He came for the quick gains and stayed for the revolution. Based in New York, NY. You can find him as @PsychedelicBart on Bitcoin Twitter, Telegram and Keybase.