Post
Topic
Board Press
Re: [2020-12-11] Why 2021 Is Set To Be Even Bigger For Bitcoin
by
Lucius
on 13/12/2020, 11:55:40 UTC
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...

Facebook's coin (whatever it will be called) could not have been inspired by Bitcoin because in its essence it is something completely opposite to everything that is at the very core of what Satoshi Nakamoto invented. FB will eventually launch some kind of stablecoin, and we all know that such coins are completely pegged with the fiat currency that supports them - which opens up unlimited manipulation as seen in the case of Tether.



Bitcoin's changing the history of money and I am convinced 2021 will be the year of bitcoin's full recognition.

Optimism is good, but it is better to be realistic than to be disappointed if we set some expectations too high. Following an old saying that says "Rome wasn't built in a day", talking about some kind of full recognition in just one year is not exactly something I would agree with. Again, I don't know what kind of recognition you're talking about - that Bitcoin will be recognized by even more large companies, which is very likely - or that most world governments will say they accept Bitcoin as something completely legal and positive?

I’m pretty sure Bitcoin won’t have such a welcome in countries like China, Russia, or India which together have almost 40% of the world’s population.