Super-Bowl Sunday: A magical, kinetic experience in which the latest up-to-date advertising information is being broadcast to an insatiable audience the world over.
In the world of cryptocurrency (crypto) every day is Super-Bowl Sunday and much akin to world-renown Las Vegas Casinos, the 24-hour crypto market never closes. Like it or not, a car salesman’s flippant off-hours tweets may rocket one’s portfolios to the stars one day, and send it into an unforgiving tailspin the next.
You may ask, "How am I supposed to weather these peaks and valleys?" Well, those already invested and not currently buying/selling, are said to be holding on for dear life, or HODLing.
"Well then, when is the best time to take the plunge and buy/sell crypto?" To echo a popular anthem of the prominent '90s rock band, Queens of the Stone Age, “No One Knows.”
Seriously, however, no one but oneself can decide the best time. Nonetheless, during the unprecedented year that was 2020, various highly-regarded individuals within the crypto-sphere presented their forecasts for 2021. The following is a brief recap of these predictions, respective to their forecasters. (Source: https://1729.com/crypto-crystal-ball-2021):
The value, usage, and future applications will become crypto’s societal mainstays.
(Standard Crypto’s Alok Vasudev)
A clash between modern monetary theory (MMT) and Bitcoin, the original and most well-known cryptocurrency, will occur.
(Angel Investor Balaji Srinivasan and River Financial’s Alexander Leishman)
Bitcoin will continue to experience its quintessential implied volatility.
(Figma’s Dylan Field, Pantera Capital’s Joey Krug, and Bitcoin Core Developer, Amiti Uttarwar)
Crypto will serve as a sink for the next generation’s time, talent, and treasure.
(Casa’s Stacie Waleyko, Opyn’s Alexis Gauba, Paradigm’s Matt Huang, Magic’s Jaemin Jin, Collab+Currency’s Stephen McKeon, Primitive’s Alexander Angel, OKCoin’s Jason Lau, and Square Crypto’s Val Wallace)
Crypto’s collective backbone of human ingenuity will serve a the key driver in the expansion of crypto in mainstream prominence.
(CoinShares’s Meltem Demirors, Scalar Capital’s Linda Xie, TD Ameritrade’s Sunaya Tuteja and Electric Capital’s Avichal Garg, Coinbase’s Marc Bhargava, and Slingshot’s Clinton Bembry Jr.)
Institutions will grapple with an increasingly crypto-influenced society.
(Square Crypto’s Matt Corallo, Castle Island Ventures’ Mathew Walsh, Web3 Foundation’s Ashley Tyson, CMT Digital’s Colleen Sullivan, Blockchain Capital’s Joshua Rivera, and three Arrows Capital’s Su Zhu)
Bitcoin will maintain its prominence as the original and most widely adopted crypto.(Bessemer Venture Partners’ Casey Caruso)
Crypto will bridge institutions and investors for a clearer path toward institutional investing. (Panera Capital’s Lauren Stephanian, Interchain’s Tess Rinearson, and DCG’s Larry Sukernik)
Scaled adoption in the western world will be catalyzed by prominent institutional adoption. (FTX’s Sam Bankman-Fried)
The urgency for privacy in crypto will become increasingly pressing.
(Iron Fish’s Elena Nadolinski)
Crypto's prominence will grow within additional publically traded companies’ balance sheets.
(Lolli’s Alex Adelman and Nansen’s Alexander Svanevik)
Stablecoin usage will increase and accessibility for crypto-curious institutions and investors. (DeFi Alliance’s Qiao Wang, Blockchain Capital’s KInjal Shah, Castle Island Ventures’ Nic Carter, BuyCoins’ Tomiwa Lasebikan, and The Block’s Larry Cernak)
Decentralized finance (DeFi) among financial technologies (fintechs) to be a major player in global society’s adoption of crypto, both within increasingly expansive African and Asian Markets, as well as the western world.
(Valiu’s Simon Chamorro, IDEO CoLab Ventures’ Ian Lee, Bundle Africa’s Yele Bademosi, Volt Capital’s Iman Khan, and The Graph’s Eva Beylin)
In review, these predictions are accurate in calling to attention the key characteristics of societal crypto adoption. Even in our technologically progressive world, collective society still wrestles with the dilemma of what novelties and traditions to keep, and which to discard.
Fortunately for crypto, the writing on the wall reflects a maintained, dedicated following, which has not only survived but also economically outperformed all fleeting and retreating trends of the past. By all indicators, crypto, and its collective hive of interest is here to grow increasingly more involved with our technocentric, developing society.
Overall, entering the second half of 2021, the message is clear: crypto remains the signal, whereas society's reaction to crypto is the noise.
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