Millions of people are already entering the cryptocurrency market and their decisions and actions regarding the purchase and sale of coins and tokens are completely different and contradictory.  Together, they together form the price movement of the market, depending on the prevalence of demand for a particular cryptocurrency or supply for its sale as a result.  It is impossible to foresee what people will do in each specific case, because everyone has their own life circumstances.  Therefore, market prices sometimes behave in a completely unpredictable manner.  So, it was logical to expect a good rise in cryptocurrency prices in this last month of the outgoing year, however, the growth alternates with an unexpected correction.  However, the last two days, prices on the market have gone up again.  Many continue to worry about whether the price of bitcoin will rise to $ 20,000 this year.  Again, there is not so much left to this goal.

I do not see any problem in the fact that all central banks of states will issue their national digitized currencies.  Now also all states have the opportunity to send their national currencies by non-cash payment.  There are no particular problems.  It will actually be the same fiat money, only it will be in the form of digital currencies and transactions will be carried out using blockchain technology.  Stable coins of states and their central banks in terms of their functionality are much superior to non-cash payments of these states, so the states will issue them unambiguously.

There will be a price effect from Ethereum 2.0, however, later.  After all, the process of updating the ethereum network is designed for as much as two years.  Investors have not yet seen significant positive changes, so they are in no hurry to invest.  Yes, and bitcoin distracts a lot of attention on itself with sharp price drops and the fact that several times its price has risen almost close to its previous price record.  So far, ethereum's price of around $ 600 isn't bad either.

The stablecoins of the central banks of states are the fiat currency of these states, but in a slightly different form.  In fact, stable coins of states are one of the types of non-cash payments, only they no longer work on the old SWIFT method, but on blockchain technology.  Therefore, stablecoins of states and their common currencies should not conflict with each other.

In my opinion, you are talking here about the ability of bitcoin to further price growth, and not about the volatility of its price.  Volatility is a deviation from the average price value, and in my opinion, the higher the price of bitcoin, the greater its volatility.  It's just that low prices do not allow deep fluctuations, but high prices do.  Therefore, I think that the bitcoin price roller coaster is still ahead.

This issue is independent of the banking system.  It depends more on the state of economic development of the state, the level of well-being of citizens, the percentage of urban and rural residents and a host of other factors.  Wealthy states can try to forgo cash.  However, most states are unlikely to succeed.  There are categories of citizens who categorically will not agree to refuse cash or, for various reasons, will not be able to refuse it.

Bitcoin will definitely never be used as the main currency in any country.  This is impossible neither from the point of view of the nature of bitcoin, nor from the point of view of the tasks and functions of the state.  The national currency of the state should be a reflection of the value of material assets that can be in the civil circulation of the country.  In this regard, Bitcoin has a completely different nature and cannot be associated with the economy of any state.  And its high price volatility does not allow its use as the main currency of the state.

We cannot say what is on the mind of these people.  Everyone has their own life circumstances and need for money.  Therefore, some of the victims of the hacking of this exchange will sell their bitcoins, others will hold.  Therefore, there should be a drop in prices in the cryptocurrency market.  How big, time will tell.

I'm still looking at how hard it is to grow in value.  As soon as the price rises a little, some problems and obstacles start immediately and the price invariably falls.  However, according to forecasts, the price of bitcoin could rise to at least $ 100,000 next year due to the latest halving.  I don't consider them real yet.  It took bitcoin three years to get back to $ 20,000.  How many years will it take for it to grow to at least $ 50,000?  While this is all pretty complicated.  At the same time, it should also be borne in mind that in the future, states will tighten the measures for regulating cryptocurrency.

DeFi projects are just a new direction in cryptocurrency development.  It must be further developed and deepened.  There is still a lot of practical work to be done in order for individual projects to bring additional conveniences to people and be in demand.  Of course, this is new in the world of finance, but it would be wrong to call it a revolution, if only because a relatively small number of people will use DeFi services.  In any case, it takes a lot of time to attract people's attention to them.  As always in such cases, scammers want to take advantage of all the new ones.  Therefore, along with good projects, as always, there will be fake ones.

Unprecedented measures to combat the coronavirus pandemic are leading to a drop in gross domestic income, an increase in unemployment and an increase in poverty in almost all countries.  All this causes an increase in inflationary processes.  We have been saying for a long time that this could trigger a very severe global economic crisis.  Government spending on the fight against coronavirus continues to increase.  It would be logical if people, fleeing inflation and poverty, would invest in cryptocurrency.  Therefore, the coronavirus pandemic, while increasing the poverty of the population, on the other hand, should positively affect the growth of cryptocurrency liquidity.

Yes, bitcoin and other decentralized cryptocurrencies cannot replace the national currencies of states.  The price of bitcoin and cryptocurrency in general will rise, this is also true.  However, the influence of cryptocurrency will grow only up to a certain point, namely until the interests of states are affected.  If the increase in the influence of decentralized cryptocurrency interferes with the states, they will tighten regulatory measures and here it will be necessary to look for the best options for getting out of the conflict situation.

States will independently create their own national stablecoins of the central banks or ask for the help of relevant specialists from other countries.  At the same time, it makes no sense for them to apply a system of borrowing funds, such as ICO, IEO and others.  This will be purely the work of the relevant government bodies of governments.  Therefore, there will be no forks or free coins.  Governments can only give out stablecoins when testing their stablecoins for free so that citizens can connect to testing, as was the case recently in China.

DeFi projects can distract some of the clients of traditional banks.  However, banks are still not going anywhere, since they perform many other useful functions and, most importantly, they are supported by the state.  And a significant part of citizens will traditionally trust more state banks, which are protected by the state.  DeFi projects take a lot of work and time to gain the trust of citizens.

I personally cannot even imagine our world without the national currency of states.  To have an idea of ​​the value of a cryptocurrency, it must be compared with the value of objects in the world around us.  If there is no dollar, euro, pound and other currencies, how will we express the price of bitcoin?  We'll have to then in cows, horses and so on.  For example, one bitcoin will cost 10 cows or 7 horses.  However, after a few hours or even minutes, bitcoin may already be worth 10.2 cows or ten cows and one rabbit.  What if you don't need cows and rabbits?  You can, of course, evaluate everything in ounces of gold.  However, then it is necessary for gold to really go.  And in order not to constantly carry it around with you, they will again come up with safe and promissory notes, which will lead to their highest form - paper money.  Want to reinvent the wheel?  Or do you think that all previous generations of people were stupider than us?  Therefore, cryptocurrency can only be traded with the currency of states.

The real situation should not be so neglected.  Banks and governments are not going anywhere.  Cryptocurrency will never dominate the financial world.  Now almost every cryptocurrency is global, since it has the ability to go around the world.  However, at the state level, the cryptocurrency will not be used as a global one.  They will have their own central bank stablecoins, various regional stablecoins.  A global single currency can hardly be expected, since large states will always fight for spheres of economic influence and wage trade wars among themselves.

States have yet to make a general decision on how to stop Bitcoin and other cryptocurrencies.  We are still not going anywhere from taxing income in cryptocurrency.  However, the rates of such taxation can be so high that then it will be unprofitable to engage in cryptocurrency and people simply will not pay.  This, in turn, will allow states to decide on a complete ban on cryptocurrencies.  We do not need such a confrontation and it will be much better if a reasonable compromise is found.

However, we expected reasonable regulation of the circulation of cryptocurrency, and not a complete ban on citizens from owning cryptocurrency wallets.  I don't know who came up with it at all to prohibit people from using cryptocurrency wallets.  It is very bad if a decision on this is made at the next summit of the G7 countries.  Even if this is not feasible on the part of states, however, it is still not good, because state bodies will come up with different ways to implement such a decision.  In fact, such a decision would mean an almost complete ban on the free use of cryptocurrency.

Yes, it looks like we have another correction in prices despite the fact that there was already a short correction at the end of November.  Bitcoin dropped to $ 18,240 and ethereum to $ 550.  I expected good growth in December, but this is not happening yet.  We can only hope that this time the correction will be short-lived.  In general, there is still time for price growth.

Yes, usually at the end of the year we see a good rise in prices in the cryptocurrency market.  This year the situation is perfect for such growth.  We were almost at the goal of Bitcoin reaching its previous price record, but the market first went into correction, then the subsequent good growth stopped.  Prices have even stabilized for a while, and now they have even dropped a little.  It is difficult to say with what it is connected, however, the rate of price growth has been lost, and there are several weeks left until the end of the year.  Of course, things can still get better.  Let's hope we see a continuation of the bull market soon.