Thursday, April 18, 2024


Five Predictions about Bitcoin in 2021

By DAC000 , in Bitcoin Fintech , at December 23, 2020 Tags:

excellent article detailing five, fairly mainstream predictions for Bitcoin in the upcoming year. About a three minute read.

Comment: I tend to agree with the author’s predictions, however let’s look further out to left field events

  1. A series of coordinated 51% attacks on Bitcoin’s blockchain

  2. The United States’ proposed harsh regulation towards Cryptocurrency is adopted by one or more G7 nations

  3. Due to US regulation bifurcation of the Bitcoin market along custodial and non custodial wallets leading to sharp price divergence

  4. Due to US regulation sharp flow of funds away from Bitcoin to one or more stable coins

  5. A series of successful attacks on BIP39 twelve word seed phrases leads to widespread and immediate adoption of twenty four word seed phrases

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