Cryptocurrency News | 2021 Outlook and Expectations for the Cryptocurrency Market [Oohira]
Mr. Oohira's Profile
FX history since 2009, cryptocurrency history since 2015. Utilizing the experience in cryptocurrency investments and past ventures, delivering cryptocurrency information through major newsletter sites and investment sites. Participates in numerous individual investor networks, sharing knowledge gained from many investors. Running a cryptocurrency investment information site that beginners can learn from since 2016.
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*This article is a reprint/edit of FX Strategy.com February 2021 issue. Please note that the market information written in the body is different from the current market.
Cryptocurrency Market in 2020
This time, for readers of this column at year-end, I would like to introduce the prospects for 2021 in the field of crypto assets (cryptocurrencies).
2020 saw many events. In March, the financial market crashed due to the novel coronavirus, and Bitcoin temporarily fell close to 500,000 yen. However, by the end of November, it reached 2,000,000 yen, showing much higher performance compared with other financial assets.
In July, due to demand for DeFi (decentralized financial systems), DeFi tokens (Uniswap, Kyber Network, etc.) surged, and many cryptocurrencies rose in value accordingly. And in October, PayPal, a global payment company, introduced Bitcoin payments. At the end of 2020, Bitcoin reached levels comparable to the bubble of late 2017.
