If the ‘halving effect’ repeats, bitcoin can reach $200,000 in 2021

If some giants in the global financial market follow the example of Paypal and some billionaire investors who have publicly assumed they are working with bitcoin, or acquiring bitcoin, we will have major impacts on the price. Especially when it comes to using Bitcoin as a reserve asset.

In the last halvings (when the offer is cut in half), bitcoin has always had a historic price rise in the following year, surpassing up to 10 times the previous tops. If this repeats now, we could see bitcoin at $200,000 by the end of 2021.

Besides Bitcoin, what other cryptocurrency could show explosive growth in 2021?

Ethereum is definitely one of the most exciting coins to watch for next year. The price should reach its top of $1,400 [registered in January 2018], and this will represent 130% increase of today price as this article is written. Ethereum is now at $620.

In terms of technology, it is in ETH that practically all stablecoin tokens are handled. On top of that, there are big investments and tokens creation linked to everything. The world is being tokenized and ETH is the main cryptography used for infrastructure in this new world of tokens.

This month of December we saw the ETH staking, which is when the network pays to crypto holders for stoking tokens in stake contracts. Unlike PoW (proof-of-work), where the computational power of the network receives rewards, this new model gives rewards according to the ownership of coins. It is an interesting model since ETH is now working in a mixed way with PoW and PoS. The network is expected to continue to evolve in 2021.

Conclusion

We are at a unique moment in human history and 2021 can definitely be the year where bitcoin may become the NEW global financial reserve asset.

Twenty thousand dollars can be cheap close to what will happen in price if Bitcoin becomes a store of value among the main global investment funds.

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