2020 Year Final Outlook

[crypmike]

🔸 This year the crypto market has grown 300%
🔸 Bitcoin also added 300%, hash rate is on record heights
🔸 From large-cap alts, ETH & ADA +500%
🔸 DeFi market showed excellent results and developed significantly
🔸 Bloom of DEX led by Uniswap
🔸 Bitcoin Halving
🔸 Bitcoin New All-Time-High
🔸 Launch of ETH 2.0
🔸 Ripple got huge problems with SEC
🔸 March record crypto-market crash (with traditional markets)
🔸 US Banks may provide Custody Services for crypto assets
🔸 Ether futures coming February 8, 2021 on CME
🔸 PayPal brings crypto to the masses
🔸 Pavel Durov closed the ambitious Telegram Open Network (TON)
🔸 China tests digital yuan
🔸 South Korea legalized cryptocurrencies (valid since 2021)

In general, projects are developing, institutional investors and banks come to the market. At the same time, the new hype has not yet arrived. New tools like DeFi provide more opportunities for blockchain development.

What's your favorite theme in 2020? What your predictions for 2021?

[Welsh]

Despite other economies suffering as a result of the pandemic, and other related things Bitcoin has proven to be fairly formidable. I do believe this might actually benefit Bitcoin adoption since it wasn't Bitcoin that was fragile during this time, but more traditional currencies. I still don't know what to think of the Paypal announcement since it helped adoption, but the fees they charge are a little ridiculous compared to alternatives. I wonder what the market share of Paypal is in Bitcoin, despite higher fees than competitors I think I would expect them to still be doing fairly well.

[Josefjix]

Of course this is the best time since the induction of bitcoin and cryptocurrencies, bitcoin wasn't dealt with during and after the lockdown. It continues soaring high and higher as against how it started in the Q1 of the year. Too man institutions adopted bitcoin which made it go more viral and the PayPal-payment adoption is a great one too.
The miners still have a long way to go if bitcoin is really going to be used alternatively as a payment system and as a currency. The fees had better be curtailed to a minimal and more affordable to everyone regardless, the whole cryptocurrency industry this is indeed one of the best year so far.

[Jawhead999]

Many good news regarding Bitcoin on 2020, breaks new ATH and already mined around 18,5 Million it's close to 21 Million. I'd think this not last bullrun of Bitcoin, but this is just a beginning of new journey of Bitcoin will get massive adoption. Soon we'll see what will happen to Bitcoin when many countries and merchant accepting Bitcoin. Also I still wondering when Lightning network will generally used and not have any bug/leaks, many peoples will not complaining about how expensive Bitcoin fees since it can be minimized.

I think SEC should be authoring more coin or token and exchanges. So, many centralized of them can be lawsuit if there's a problem, and it make more interested on decentralized one (Bitcoin, DEXs)

[passwordnow]

Breaking the past ATH and making a new one is one of my favorite. Not to mention that bitcoin has also reached a 70.4% in dominance. And the fear and greed index that was shown in the past didn't become accurate because greed was high when bitcoin was lower than $20k.
Still, the index shows a high percentage of greed because the price is at the top.

[Welsh]

Of course this is the best time since the induction of bitcoin and cryptocurrencies, bitcoin wasn't dealt with during and after the lockdown. It continues soaring high and higher as against how it started in the Q1 of the year. Too man institutions adopted bitcoin which made it go more viral and the PayPal-payment adoption is a great one too.

Like I said above, I still think overall the Paypal implementation is positive, but only from an adoption point of view. From a consumer basis, its not that great, and there's much better alternatives out there. However, I'm hoping those that do adopt, or get interested will look elsewhere in the future.

Many good news regarding Bitcoin on 2020, breaks new ATH and already mined around 18,5 Million it's close to 21 Million.

This isn't all that surprising though, since the difficulty adjusts to accommodate for better technology, so assure we aren't mining it too quick, or too slow for that matter.