Why 2021 Is Set To Be Even Bigger For Bitcoin.

Discussion • 2020/12/30 • by

Bitcoin is coming to the end of one of the biggest years in its short history. The bitcoin price has surged through 2020, reclaiming its 2017 all-time highs after finding support from Wall Street and some of the world's biggest investors.

Now, with the bitcoin and cryptocurrency community looking forward to a slew of developments in 2021, including the much-anticipated launch of Facebook's bitcoin-inspired cryptocurrency and potentially industry-defining U.S. cryptocurrency regulations—Wall Street giant Wells Fargo has said it expects to be "discussing the digital asset space more" next year.

Over the past 12 years, [bitcoin and cryptocurrencies] have risen from literally nothing to $560 billion in market capitalization," John LaForge, head of real asset strategy at Wells Fargo, wrote in an investment strategy report this week.

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