In 2019, some believed Bitcoin’s future could be in danger, but two weeks into January and we’re already witnessing an early spike that could see a price high of $15K, according to one investment fund manager.
Bitcoin is Baby Yoda sipping soup
Plagued by negative press and general confusion, it’s no secret that Bitcoin has struggled to move beyond a core group of enthusiasts, into more mainstream consumer usage. Yet 2020 has just witnessed the strongest Bitcoin start since 2012.
This is an exciting trend because consumer tech has had an opportunity to catch up with Bitcoin capabilities. For example, the surge in Bitcoin ATMs between 2016 to 2019 is something that would have seemed implausible a few short years earlier, back in 2012. Now, in 2020, there’s already been a 20% spike. Timing is everything and this new decade feels right. Heck, even the Winklevoss twins are throwing their support behind Bitcoin because they expect it will ‘disrupt’ gold. The long Bitcoin supporters are no doubt, thrilled to be proven right so early in the new year. Even the 1 Billion BIT DigitalAMN acquired just last year shows promise as there seems to be a value correlation kicking off.
Next on the horizon
Bitcoin is poised to increasingly bleed into consumer’s daily lives. In 2020, it’s expected that consumers will be able to buy a cup of coffee using Bitcoin. Merchants are increasingly accepting Bitcoin for everyday items from Amazon or Best Buy. It’s even possible to get paid in Bitcoin for doing online work as side gigs or spend it on travel or charitable donations. While still early in its infancy, Bitcoin is picking up the pace and set to hit its stride in the 2020s. Remember, the internet was dialup before wifi; all emerging technology must walk before it can run.