“Take the pulse” of the cryptocurrency industry in 2021.
Organizing: Soona Amhaz, co-founder of Token Daily, general partner of Volt Capital Translator: Lu Jiangfei
He went to the end of the time of year, and in previous years, now is the time to open the 2021 Token Daily crystal ball for everyone!
This year, we work with some of the industry chain block encryption currency and a large coffee to do more exchanges, hope they can for the development of the industry in 2021 Baba Mai, the next step to explore industry trends and patterns.
Without talking nonsense, let us see what these bigwigs expect in 2021!
Alok Vasudev
Standard Crypto
Bitcoin will continue to move forward across the gap. As more institutions adopt it, the narrative of Bitcoin’s ” digital gold ” will be further enhanced.
Ethernet Square had been playing the role of the settlement layer of the global financial system, in 2021 this role will be further consolidated and will enter the stage of institutional level (institutional phase).
Stable currency circulation showed a substantial upward trend will continue, we will see a stable currency for personal and business financial native application / service appear, market competitiveness is becoming increasingly strong.
We expected to see at least one of the center introduced to the center, the user has an encrypted network / operator of the encrypted network company will conduct legal checks and balances.
Balaji Srinivasan
Former Coinbase Chief Technology Officer, Independent Investor
In 2021, the real battle for the next decade has just begun: BTC vs. Modern Monetary Theory.
Meltem Demirors
CoinShares
Bitcoin will become more and more popular around the world, it is like the perfect “antidote” to currency inflation.
2021, is expected to Bitcoin will exceed $ 100,000, because institutional investors have begun to admission. In addition, Bitcoin mining industry will get more substantial development in the next year – we will see the North American mining market mining and renewable energy will dominate.
In addition, as more bitcoins hosting services will also promote the development of the data center industry. Perhaps most Bitcoin investors still don’t understand the nature of this industry, but the number of Bitcoin investors will grow substantially.
In 2021 we expect to see at least five pure encryption currency IPO, year-end market value of these projects will exceed $ 250 billion.
Finally, online digital art creators and economic growth will be explosive, tokens of creativity will accelerate economic development. As a result, cultural creators will gain a lot of cryptocurrency wealth, and some physical objects will be tokenized and self-promoted-if anyone is interested, I will bid.
Matt Huang
Paradigm
Encryption currency industry will be further strengthened in 2021, it might also become a super big black hole of capital and talent. Bitcoin will become a consensus in the next year, is expected to entrepreneurs and investors have traditional Ethernet Square / DeFi more and more interested.
Alexis Gauba
Opyn
2021, liquidity on the money chain encryption options markets will be stronger, capital efficiency becomes higher, we will see automated market makers (AMM) areas have increased, and there will be more specific The emergence of automated market makers for infrastructure.
More and more new people will enter the encryption currency markets, we will usher in a new era, if you want to perform the encryption community to build a better financial system of values, you need to build an inclusive culture in this area, it being become more and more important.
Stacie Waleyko
Casa
Growing hardware node wallet and ecosystems will continue to flourish and an upward trend. We will see more new players and DIY projects in the market.
In recent years he taught us one thing, and that is for lovers, the most significant of them is to provide the infrastructure construction service, many of whom are eager to build their own set of hardware wallet and run multiple nodes.
Along these lines, I think the standard related to the development and part of the signature Bitcoin transaction (PSBT) will increase. The reason why this field has gradually become dazzling is mainly because it enables interoperability between air gapped devices , and market demand is almost certain to increase in 2020. 2021 will be a year of great strides. Hardware wallets/signature devices will introduce a series of new functions, and our understanding of such products will become deeper. A lot of work in this area has been completed in 2020, such as the realization of standardized communication of QR codes and the launch of a new partially signed version of bitcoin transactions.
The utilization rate of Lightning Network will increase in 2021. Any form of bull market will “force” trading activities into the second layer, and users can therefore get greater network scalability and lower fees. 2020 is a bumper year for the Lightning Network infrastructure. With the introduction of a series of new tools, many problems have been approached, such as liquidity management, routing, and peer selection. For those cryptocurrency exchanges that integrate the Lightning Network, the personnel who run the nodes, and the companies that accept payments through the Lightning Network, their previous hard work has begun to bring huge returns.
Education and Gen Z adoption. I predict this could be made with the least evidence, I believe 2021 encryption currency prices will encourage more people to understand encryption currency, the bull market is the best educational material for beginners. Next, Gen Z may adopt more cryptocurrencies.
I mean, who knows that 2020 will be a year of booming markets? Cryptocurrency supporters may or may not claim that the current cryptocurrency has entered the “real adoption” stage, but there are many companies that are indeed in a good position to attract new user groups through custodial services and bitcoin reward programs. If we see a bit of money at an unprecedented way into popular culture, I would not be surprised. Who knows? Maybe we will see Bitcoin pop up in some rap videos.
Matt Corallo
Square Crypto
Western countries will continue on the free flow of currency encryption multilateral supervision attack, and may be particularly concerned about those encryption currency on the exchange “in and out” of.
The expansion of the use of better technology (such as lightning and based on zero knowledge network compression technology), will further promote the encryption currency is accepted by the mainstream, the industry will be encrypted over the early adopter stage.
Linda Xie
Scalar Capital
2021, we will see mainstream institutions to the growing interest in Bitcoin, in addition to monetary encryption infrastructure will be further expanded.
In addition, we will also see to the center of self-government organizations (DAO) to coordinate large-scale trends, personal / social currency account of the industry will be more projects, a number of prominent artists / creators may launch its own tokens.
Matthew Walsh
Castle Island Ventures
US Securities and Exchange Commission (SEC) will make clear that the encrypted hosted accordance with Article 15c3-3, which will allow encryption of the agencies involved in the currency industry becomes higher. United pension fund is expected to be publicly announced investment Bitcoin, regulators may be ratified by more than bitcoin exchange-traded fund (BTC ETF) in 2021, in addition, you should also have several encryption infrastructure company assets through traditional IPO and SPAC are listed.
Sunayna Tuteja
TD Ameritrade
This encrypted Bitcoin currency industry “tent” will become increasingly large, including consumers, will accelerate the inflow of capital and talent in this area, encryption currency will become more diverse.
A group of security field and corporate executives will join the cryptocurrency industry, and they are expected to inject broader and deeper skills, experience, and perspectives to further enhance the growth and resilience of the Bitcoin market. In addition, due to the improved market environment, some industry leaders and decision makers will no longer be indifferent to Bitcoin and blockchain.
Avichal Garg
Electric Capital
When we enter 2021, many of the promises made in 2017 will be fulfilled, such as:
The first level agreement will be better integrated in the emerging developer ecosystem;
The DeFi market will reach a scale of hundreds of billions of dollars;
Decentralized infrastructure will achieve early product/market fit;
Artists can get a lot of income through NFT ;
The scale of assets managed by decentralized autonomous organizations will reach billions of dollars.
However, it may not be until after 2024 that most countries in the world will notice these disruptive and changeable technologies.
Amiti Uttarwar
Bitcoin Core Developer
Bitcoin prices may fluctuate up and down, please wear your seat belt!
Jaemin Jin
Magic
In 2020, the new crown virus epidemic has affected our daily lives and other routine activities, but it has also greatly accelerated our transition to digitalization. In fact, the epidemic has changed our way of thinking again, making it easier for us to adapt to digitalization.
Z generations of young people have completely different ideas, they can not care about their social security number, but then TikTok account very seriously, and I think in the next decade, if in real life appear the movie “top players” (Ready Player One ) in the scene it should not be surprising.
Lauren Stephanian
Pantera Capital
As more and more organizations / companies to invest in, in 2021, Bitcoin will definitely continue to dominate the currency market encryption, we will see more and more large financial technology companies employ encryption currency (or, at least Use Bitcoin) to expand your product range and attract new users/retain old users.
Project and encryption features currency industry is expected there will be further consolidation, especially in the field of DeFi, many projects are trying to attract users.
Tess Rinearson
Interchain
By 2021, issuing new tokens will be easier and cheaper than ever. We will see more and more specific tokens for specific communities and small communities appear. These tokens may be called ” community tokens “, “social tokens”, or other names.
These long-tailed tokens (long-tail token) will each have a small addressable market, but it can act as a bridge between the world’s common currency encryption and reality. These tiny, targeted tokens will enable community members to get more value. You should know that in the past, these values may have been taken away by traditional brokers or beneficiaries of funds and usage rights.
Ashley Tyson
Web3 Foundation
Some shocking things may happen in 2021. Ripple may “take over” the weak Fed. According to the US economic stimulus policy, the federal government will distribute relief funds to people. Ripple (XRP) may be used in this field. Use it because it is a real American cryptocurrency preferred by banks.
Chain News: Ashley, are you Hillris? ? ?
Larry Sukernik
DCG
Investors can actually make predictions about the future market through a 3-month moving average. For the founders of cryptocurrency projects, they may wake up every morning hoping to accurately predict the market.
2021, encryption community ideas about governance and financial reporting will start to become more and more mature, we may see more public reporting of independent encryption projects related to the financial situation, in order to improve transparency, accountability and decision-making ability.
Whether look, or feel, encryption currency industry has begun to develop from the research and development stage to the commercialization stage, so the market competition will further intensify competition between the project may look more like a traditional struggle between the companies, They will “fight” on the vectors of project cost, product offering and distribution. Some projects will be vertically integrated, while others will be horizontally integrated.
Joey Krug
Pantera Capital
In 2021, the price of Bitcoin will exceed $100,000 , the price of Ethereum will exceed $2,000, and Coinbase will go public .
By the second half of 2021, there may be a “black swan” event . For example, the price of a gray-scale cryptocurrency product may plummet, but compared to “the price of Bitcoin will exceed $100,000 and the price of Ethereum will exceed $2,000. , “Coinbase will IPO” these three things, “black swan” is much less likely to happen.
Alex Adelman
Lolli
Including several listed companies, including Tesla will add a bit of money in their balance sheets;
The labor market, agreements, and corporate power will become increasingly decentralized;
Central banks around the world will continue to issue large amounts of currency in response to the economic impact of the new crown virus epidemic;
The second-tier agreement and organization will make the spending, purchase and profitability of Bitcoin easier than ever, which will further promote Bitcoin’s acceleration towards mass adoption.
Alexander Svanevik
Nansen
2021 is the year when DeFi “meets” financial technology . Crypto companies such as Circle, Wyre and Multis will integrate fiat currencies to build a bridge from DeFi to traditional finance. On the other hand, companies such as Revolut and Paypal will also start to get involved in DeFi savings products and stablecoin businesses.
Encryption on Twitter Purists may lament that more and more centralized encryption currency market participants began to enter the industry, but the industry for encryption of most people, will be recognized by traditional financial institutions is to promote the admission encryption currency And DeFi is the best way to popularize applications on a large scale.
Wang Qiao
DeFi Alliance
As the world’s central banks have begun to launch the Bank of digital currency, digital currency and the central bank is expected to stabilize currency will be booming in 2021, while foreign exchange DeFi will be one of the most widely discussed, of course, it may be the most serious dispute battlefield.
In addition, as the line between DeFi and NFT continues to blur, we may experience a ” NFT boom ” similar to the DeFi boom in 2020 in 2021.
However, I think Bitcoin may not enter the trough again in 2021, because Bitcoin no longer causes (regulatory) concerns, and with the participation of institutions, Bitcoin volatility issues may be effectively resolved , and market trends will more stable.
Kinjal Shah
Blockchain Capital
With the warming of M & A market and financial technology / Bank “buy” currency encryption company, encryption currency industry will experience consolidation in the record year of 2021.
Encryption currency is expected next year the industry will see a social consumer applications on the first real, non-encrypted and will be welcomed by users, and stand out in the traditional markets.
With the release of Libra , we will see technology companies launch another stable currency backed by legal tender, but at the same time the issuance and supervision of stable currency will be subject to great attention and pressure from regulatory agencies.
Nic Carter
Castle Island Ventures
It is generally believed that the trend of cryptocurrency dollarization will further increase, and this trend may have played a very important role in the collapse of sovereign currencies, such as the bolivar, the legal currency of Venezuela.
2021, on the market with a stable dollar anchored mainstream currency (the free float of more than $ 1 billion) may be subject to the risk of a run, and in the long term (at least one month) at less than 90 cents a transaction.
Investors began to question the quality of ” governance tokens ” and began to demand more clear coding of the rights of token holders.
The total supply of stablecoins will exceed US$50 billion.
There are at least six global encryption currency exchange or custodian regularly proved developed reserves protocol.
Simon Chamorro
Valiu
As in most cases, I think next year will be the year of DeFi . For DeFi, this will be a huge responsibility, because these entrepreneurs, developers, and companies will begin to redefine the future of finance and at the same time become more firm in DeFi values.
I think more and more people because the encryption provides a more open monetary reason to enter the encryption currency industry, more autonomous and more efficient financial infrastructure, especially like Diem (Libra), China, and other major powers start Have entered the field of digital currency. We will see the true face of many people in the industry encryption currency, in addition I hope that in 2021 between Bitcoin, Ethernet Square, Stellar, Algorand, Polkadot block chain and other chains see more cross-interoperability, which will More people bring convenience.
Tomiwa Lasebikan
BuyCoins
The African market will adopt the Lightning Network more quickly, and many small transaction remittances will be developed on the Lightning Network.
As more people find stable currency is a way of hedging the currency devaluation, a lot of money may flow into dollar-denominated money market stability, especially in some developing economies, these economies may be a recession, people are more Worried about currency depreciation.
2021 encryption currency regulations will become more clear – in fact, in 2020 we have seen the emergence of large-scale encryption monetary growth and adoption, governments are expected to encrypt the regulatory framework more money in 2021 Think more and react.
Between the smart contract-centric blockchain and Ethereum , there should be short-term market value fluctuations next year. In the past few years, the development of Ethereum has indeed been slow, and Ethereum will also suffer some penalties because of its blockchain network may become more and more crowded.
Marc Bhargava
Coinbase
2021, digital art encryption between money and the economy will be more closely, the block chain will be used as a tool, encryption will become a community of old and new social platform during the early adopters alternately.
Elena Nadolinski
Iron Fish
Privacy , privacy, privacy!
Ian Lee
IDEO CoLab Ventures
Next year, many DeFi-related industries will receive higher-level services, products, and experiences, such as business, social media, social networks, and games. In addition, we will see in 2021 at the emergence of a major breakthrough in the encryption industry areas: encryption social (Crypto Social), it will make it possible to open the social graph. Value will begin to move up in the product, experience, and application layers, and user-centric design and user experience will play a vital role in the success of crypto projects.
Yele Bademosi
Bundle Africa
By the end of 2021, it is expected in most African financial technology company will provide encryption currency entrance, while most native encryption currency will also offer more traditional financial technology functions, resulting in a substantial increase in the number of African encryption currency users.
Colleen Sullivan
CMT Digital
2021 will be the year of regulation. The upcoming ” midnight rulemaking ” of the US Treasury Department may have a greater impact on the cryptocurrency industry. Satoshi Nakamoto has laid a solid foundation for us, giving us the power to democratize money, and decentralized systems are also accelerating expansion, but the problem is that although the crypto industry currently has a huge momentum for development, These systems are not very secure, so we need to continue to work hard to protect them.
Yes, of course we all know that the Bitcoin system cannot be “closed”. However, if we want to play a wider role in encryption technology, so that the true potential of encryption currency can affect and change the lives of billions of people, then we need to work with regulators and policy-makers, because we can do it a little. Fortunately, in the countless nights we have worked with regulators and decision makers, many people are not afraid of regulation. These regulators will actually interact with practitioners in the crypto industry in a meaningful way and understand that we are developing Technologies and the future potential of these technologies.
Having said that, the amount of regulatory and policy input we need to do in 2021 is likely to be greater than all the work done in all previous years. The cryptocurrency industry takes regulatory issues seriously and welcomes the opportunity for regulators to take the time to fully understand the real benefits of decentralization and cryptocurrency to the global economy and personal economy.
Su Zhu
Three Arrows Capital
In 2021, my forecast is as follows:
Several central banks may announce the purchase Bitcoin, the majority of investment banks and private banks will also announce the purchase encryption products.
The total amount of DeFi locked up will exceed $100 billion.
Coinbase ‘s initial public offering will trigger a wave of mergers and acquisitions in the cryptocurrency industry.
Several large listed companies will issue capital structure tools related to Bitcoin.
Bitcoin ‘s encryption dominance will increase significantly.
Bitcoin options trading market will account for more than 50% of all encryption derivatives market.
Cryptocurrency may become the main currency of some small countries.
Val Wallace
Square Crypto
It is expected that more cryptocurrency exchanges will use the Lightning Network in 2021, the Lightning Network anchor outputs will become more mature, many new UX will appear, key management will be improved, and the Lightning Network “hot” wallet external signers Will get a better experience.
Jason Lau
OKCoin
The speed of institutional investors investing in Bitcoin will become faster and faster, and the new cycle will push the price of Bitcoin to rise further. The second half of 2020 is just the beginning. In addition, as more and more people from traditional industries join the cryptocurrency field, talents and infrastructure will be improved. We also expect to see more M&A transactions in the cryptocurrency market.
At the same time, the Lightning Network will usher in a breakthrough in 2021, and Ethereum’s second-tier solutions will become more mature and commonplace. In addition, I expect at least an encryption integrated game (and subsequent NFT) can be mainstream acceptance.
Clinton Bembry Jr.
Slingshot
Casey Caruso
Bessemer Venture Partners
Bitcoin will remain the top store of value digital currency.
Stablecoins will continue to dominate the field of payments and spot transactions.
The proportion of Bitcoin held by institutions (hedge funds, etc.) will double.
Many one-layer solutions will die.
Most tokens will not develop very well.
Sam Bankman-Fried
FTX
If the institutional adoption rate of cryptocurrency continues to rise, Western countries will pay more and more attention to cryptocurrency. Project parties, tokens and exchanges will judge the market trend based on the upside potential of cryptocurrencies. They will not evaluate the future of the market based on the level of use and excitement of current cryptocurrencies by industry insiders.
This could further highlight the differences in treatment between different encryption currency of country / region, some countries / regions likely to continue to focus current encryption products industry has adopted the currency.
Eva Beylin
The Graph
2021 will be the year of the stack to the center: the decentralized application program interface, oracle and storage-related agreements are ready to be put into operation on the line, these agreements can provide substantial support for the current Ethernet Square. Maybe no one will run DApps on a centralized infrastructure soon, because people may think this approach is stupid and insecure.
Joshua Rivera
Blockchain Capital
Gray (Grayscale) Bitcoin’s Trust Fund (GBTC) and Bitwise BITW and other digital assets of the fund will become more and more premium products that retail investors can not afford. In this case, the SEC will eventually realize that the current market situation has been unable to meet the needs of retail investors, and therefore may approve bitcoin exchange-traded fund (BTC ETF).
Stephen McKeon
Collab+Currency
Governance of mining will become very important, leading to the emergence of ” governance as a service ” in the market.
There will be greater and greater resistance to regulation , especially the regulation of decentralized finance.
Encryption and game cross-border interaction may usher in the first breakthrough.
NFT use cases will explode.
To mention a stretch goals: Twitter founder Jack Dorsey may become less loyal Bitcoin, he might embrace Ethernet Square.
Alexander Angel
Primitive
In 2021, the fully diluted market value of the first-tier agreement will reach US$100 billion.
Imran Khan
Volt Capital
Given that the United States has recently made slow progress in cryptocurrency regulation, we may see two worlds in the DeFi industry. “The United States first in the world” will be some type of semi-regulated products comply with regulations, so they adopt new technologies speed will slow. At the same time, “Asia’s first world” will not be bound by regulation, they will lead to lead to the center of the new financial concepts.
Larry Cermak
The Block
In 2021, the structure of the cryptocurrency market will become more and more mature, and the options market may usher in another bumper year.
An encryption currency exchange currency (Binance) will eventually launch in direct competition with Deribit options products.
PayPal may launch a stablecoin on the Ethereum blockchain .
Stablecoins will gradually look for new use cases with product/market fit in areas other than trading.
Thanks to Optimism’s second-tier solution, non-custodial derivatives have begun to rise, and are expected to account for 10% of the total open positions on centralized exchanges by the end of 2021.
The market value of Coinbase may exceed $80 billion, which may “stimulate” other cryptocurrency companies to repricing.
Traditional companies began to try to acquire profitable companies currency encryption, encryption money market mergers and acquisitions began to heat up.
The Financial Action Task Force (FATF) cryptocurrency guidelines will begin to be implemented, and some cryptocurrency exchanges that provide cryptocurrency trading services in obscure jurisdictions may generate some pressure.
