Throughout 2020, we’ve seen a steady stream of news about old finance, big investment firms, and large corporations looking to enter the digital real estate industry. The value proposition for investing in bitcoin (BTC) and other digital currencies is starting to go beyond mere store of value, or to treat bitcoin as a commodity like digital gold.
In 2021, we will see the market understanding of Bitcoin grow even more mature. History will turn from a store of value to a strong and valuable currency. In 2020, Bitcoin was a commodity that institutions needed to own. In 2021, bitcoin and cryptocurrency will transform from curiosity (2017) to commodity (2020) to real money (2021).
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The significant drop in the dollar’s purchasing power during the COVID-19 pandemic will stay with people for a long time. Consumption has a psychological effect, and its CEO Michael Sailor has called “economic energy.” The experience of disappearing purchasing power drains people’s emotional and economic energy.
By 2021, consumers and investors are looking for ways to not only protect their purchasing power, but also improve safety. Consumers want healthy money. Bitcoin and cryptocurrencies can make people feel powerful.
When I update Sailor’s concept, I call this psychological effect the “crypto-hee” of the eternal circulating life force present in everything according to Chinese philosophy. Encryption can improve your financial life and overall health.
Investing and using cryptocurrencies can unite people with the idea that they are in control of their destiny and can use and channel their energies (whether in the form of money, actions, relationships, etc.) in a positive direction.
The idea that Bitcoin is digital gold is outdated as it hit an all-time high in 2017. By making this leap, Bitcoin is becoming the catalyst for a new idea – fiat currencies will have digital cousins. Major fiat currencies such as the US dollar, euro, yen, pound sterling, Swiss franc, and Australian dollar probably have their digital cousins trading in the cryptocurrency market. In the foreign exchange market, the daily turnover is about $ 6 trillion per day. In terms of cryptocurrency, this is a huge market.
This idea of a cryptocurrency that enhances personal health and economic power could encourage cryptocurrency investors to think about more than just Bitcoin. Just like Bruce Lee, the kung fu professor, had many ways to prevent an attack, investors now have a variety of digital currencies they can invest in to protect purchasing power and ultimately make life better – not just financially. but also spiritually. we will.
Bitcoin, Ether (ETH), Dash, and Bitcoin Cash (BCH) are used as payment methods in the emerging market world. Contrary to the beliefs of many people, we can see that governments have a positive attitude towards cryptocurrencies. If 2021 is a more challenging economic environment than 2020, then governments may turn to programming to help citizens in ways they cannot. This may be the reason the director of national intelligence recently called on US regulators to create a more conducive environment for US cryptocurrency expansion.
When you dive into cryptocurrency research, you will see tremendous potential. For example, if you study how bitcoin, cryptocurrencies and decentralized finance can empower people, you will see a wide range of possibilities. For example, big tech companies – Facebook, Amazon, Apple, Netflix, and Google – resemble mature sequoias in a dense forest. How big can you get? In contrast, the altcoin world is like a bright green sprout that emerges from the fertile soil created by bitcoin rain. They are just starting to work, the sky is the limit.
Technology today is closely tied to the economy, which, for better or worse, has a huge impact on our lives. When the idea of money can be elevated to a spiritual level, we can see how important it is to invest in things that make us happy.