Its a changing Bitcoin landscape for sure. Financial institutions through the
years have been very negative to Bitcoin but over the last 12 months we have seen
an about turn and they are starting to realise that its a positive thing, why? Pandemic!
COVID-19 has changed the world and its finances, this has presented companies with
an alternative to move to Bitcoin and forced others to do the same, who would have
thought or predicted a global pandemic could render Bitcoin as the safest wealth haven?
For the future, it can only be positive for Bitcoin, if you regard more and more
institutional investors and high wealth people entering the space positive.
Supply will decrease and demand will increase but like the pandemic the unforseen
can happen and the unknown is tomorrow.
Exactly, I don't suppose many people were expecting the pandemic to help Bitcoin this much. This period literally speeded up the Bitcoin adoption. And it also helped the price to reach great levels thanks to the huge the increase in demand. I expect this year to be really good for Bitcoin in general. I think we have new ATHs ahead of us.