.jpg)
Lono told his clients in a recent bulletin that the main corruption trends in 2021 include high volatility, tight regulatory oversight, and continued support from large institutional investors.
“With the minimum price of a bitcoin as high as 000,000 in March 2020 and as high as 2020 in 2020, 2020 was a reasonable stress test. 40,000 [R607,100], said Maris, Managing Director of Lono, Rates, Africa.
It was the year that institutional investors started supporting Bitcoin on a large scale. There was a hedge against it.
“Businesses, institutional investors, family offices, and hedge funds all want bitcoin to diversify their portfolios. It will continue to grow.
Mainstream adoption will increase in 2021.
Despite the extraordinary 300% and a greater increase in the price of bitcoin over the past year, mainstream inclusion will increase in 2021. Major crypto players are increasing their investment and interest in cryptocurrencies. There is also a fire in the retail market behind the rise in corrupt assets, more media attention, and easier access to cryptocurrencies.
With each passing momentum, more investors are entering the market for speculative purposes. This increases the user base and brings cryptocurrency closer to the critical scale needed to make cryptocurrencies more widely used in payments and other uses.
A recent survey by Lono found that although no global currency has yet been valued by respondents in Europe and Asia, Africans are ready to accept the global currency. More than half of those polled in Africa believe that the global currency will improve the current financial system.
To launch Libra / Dam.
Starting out loud in 2019 via Facebook, Libra calmed down relatively quietly in 2020 and made some significant changes to their desired offerings, including the dam name change. The project is managed by the biggest companies in the world including Ober, Spotify, PU and Anderson Horowitz. Lono says that, as soon as it is revealed, the dam could spark another wave of big companies wanting to get involved in the coin-issuing game.
The new US administration still doesn't know what to do with cryptocurrencies
US President Joe Biden has appointed Janet Yellen as Treasury Secretary, and he's no fan of bitcoin. Given the amount of institutional money pouring into cryptocurrencies and the legislation in 2020 that allows banks to hold bitcoin on behalf of their customers, this could be a blow to Wall Street. This can make it difficult to maintain any type of fish.
There are also a number of US state senators who are happy with corruption, so it will be interesting to see if other countries follow the lead of the United States if this country becomes more corrupt.
More rules along the way.
With the rapid maturation of cryptocurrencies, global regulators are stepping up their efforts to adopt or regulate cryptocurrencies. In South Africa, settlement proposals were introduced by the Reserve Bank of South Africa, and the Financial Conduct Authority (FSCA) last year issued a statement that cryptocurrencies are a financial product, in force. This means any organization or person who joins the lot. Crypto Assets Services must be an authorized financial service provider.
“Internationally, we expect more guidelines to be implemented this year. In 2020, several central banks discussed central bank digital currencies, many of which are currently either in the research phase or at the same time, ”says Lono, who works with regulators around the world and in South Africa.
Rival blockchain Ethereum.
The first phase of Ethereum 2.0 finally began years later on December 1, 2020. This is a huge transition for Ethereum, unprecedented in the history of cryptocurrency, which could leave Ethereum in a state of flux over the next two years, potentially opening up opportunities for rival blockchains with similar offerings. With its rapid transformation, Ethereum could move closer to its goal of becoming a globally usable ecosystem for companies across all sectors and industries.
Corrupted prices - expect fluctuations.
“In a year of economic uncertainty, bitcoin has not given up, leaving gold and other stocks and stocks behind. We have seen weeks of rapid growth and strong growth all the time, but the corrupt market There was also brutal stubbornness - it all happened in the first month of 2021. As a result, price predictions are all over the internet.
“When one technology outstrips another, nothing is stable,” says venture capitalist Tim Draper. As Wikipedia capitalizes on government currencies and the banking system, there is plenty to adapt and get started.
Cryptocurrencies such as bitcoin are always a new alternative asset class and are expected to continue to fluctuate. A long-term theory shows crypto that it needs to move forward despite the sharp drop in prices.
Lono says its exchanges have reached a record high in recent weeks and recently hit the 6 million wallets (user) milestone in more than 40 countries. "Our vision for crypto in 2021 is definitely encouraging."
Special Thanks To
@booming01
@booming02
@booming03
@booming04