Assets

When Bitcoin first stepped in the United Kingdom, it was sluggishly welcomed with two hands and people. At first the citizens were reluctant about learning or using Bitcoin since it was still a new technology. But now, the trend of cryptocurrency adoption seems to be growing.

The story of banning Bitcoin in India seems not to be any near to the end. At first, it was the country's Reserve Bank (RBI) calling for the immediate ban of cryptocurrencies. Now, it's the people and businessmen themselves that are calling for the government to put a total ban on Bitcoin.

The USA has been the globe’s major player in practically all industries. No wonder that all nascent technologies find their home and development in the country. Cryptocurrency is not an exception. Despite its motherland being considered to be China, the first commercial transaction involving digital assets was made in the USA.

For long, there has been a misconception and false narrative surrounding the community of Bitcoin’s or any other cryptocurrency’s role in illicit operations.

Institutional investors have been redundant to make risky investments like cryptocurrency. But following the widespread embracement and adoption of digital investments including Bitcoin (BTC), investors have significantly developed an interest in this nascent kind of assets.

Millennials are turning to alternative investment options such as gold as a safe haven after their money was screwed by deep drops of the stock market in 2020. However, cryptocurrency is still their number one choice.

It looks like there will be massive adoption of cryptocurrency in 2021 as the COVID-19 pandemic forces people to turn to digital assets. This nascent industry offers great opportunities for gaining profits.

Jay Clayton, the Chairman of the US Securities and Exchange Commission (US SEC) resigns from his post in front of New Year. Jay threw in the towel after putting pressure on Ripple Inc. accusing the company of involving itself in the sale of unregistered digital asset securities worth $1.3 billion.

There are many new digitiation tendencies that are going to appear and develop in 2021. Institutional investors are seriously seeking for safe haven in Bitcoin as well as other digital assets, and this could make digital currencies may hit new heights.