Bitcoin is climbing on the adoption curve. Deep pockets investors are buying at the same time as the supply is getting more scarce. You don’t need complicated models to see the writing on the wall. You don’t need to be a genius to realize all of this will push the price high enough for bitcoin to start seriously competing with gold in terms of market size.
When that happens, everyone will want a piece of the pie, including large mutual funds and asset managers. And from there, things will snowball into something much bigger than what we can imagine now.
How long will that take? Ten years? Less? More? Who knows. That’s not in your control.
What is in your control is how you will act now.
Whether you use your favorite stock-to-flow model, apply the previous cycles’ growth or do some napkin math, it seems likely that bitcoin will rise above $100,000 in 2021. If you have been stacking sats up to now, then good for you. Continue like that.
2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021.