Five Predictions about Bitcoin in 2021
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
- A series of coordinated 51% attacks on Bitcoin’s blockchain
- The United States’ proposed harsh regulation towards Cryptocurrency is adopted by one or more G7 nations
- Due to US regulation bifurcation of the Bitcoin market along custodial and non custodial wallets leading to sharp price divergence
- Due to US regulation sharp flow of funds away from Bitcoin to one or more stable coins
- 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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