

Kyle Thomas, CEO of Provide, an enterprise blockchain vendor that works with SAP and Coke One North America, begs to differ, telling Cointelegraph that organizations will soon see public blockchains in the same way as they do the internet: Indeed, despite some skepticism, most businesses see huge potential in this industry, and will try to implement high-quality DeFi products. "This phenomenon has re-associated public blockchains and cryptocurrencies with the Wild West and will therefore continue to alienate decision makers about compliance and other risks.", the Forrester report said.īased on this, we can expect a leap forward from large finance and blockchain companies that can offer the skills, experience, and budgets for a young emerging technology. And now some companies are very dubious about the impact of blockchain on the financial industry. DeFi's rise in 2020 has led to questionable activity on public networks like Ethereum. However, as many representatives of the cryptocurrency community have already seen, DeFi still does not look mature enough and requires a lot of work on technology, reputation, and security before it will see widespread adoption.įorrester has already released a report that talks about the negative impact of the decentralized finance market on the development of enterprise blockchains. This can bring passive income to token holders, and given the reputation of Ethereum and its founder, Vitalik Buterin, we can expect a significant influx of funds into the new blockchain throughout the next year.ĭecentralized finance has become an industry phenomenon in 2020. The Ethereum 2.0 network was recently launched, where consensus is achieved through staking. MicroStrategy now owns 70,470 bitcoins, spending $1.125 billion to purchase at an average price of $ 15,964 per bitcoin.Įthereum, the second most popular coin, may become much more interesting for investors in the near future.

The company invested $650 million raised from investors in 29,646 BTC at an average of $ 21,925 per coin. The latest news on this topic concerns MicroStrategy. Pompiliano is basing his predictions on the fact that Bitcoin is gaining immense popularity among institutional investors and billionaires, which means a lot of capital is entering the cryptocurrency market. I think my base case is a little closer to it doubling up to about 40K by the end of 2021.”Īnthony Pompliano, co-founder of Morgan Creek Digital, is also confident in the great success of Bitcoin next year. It could, in my most bullish case possible, get to 100K by the end of next year. I think bitcoin could potentially be the Tesla of 2021. “You can kind of compare this to Tesla," he said in December. Mark Tepper, CEO of Strategic Wealth Partners, believes that the price of bitcoin can reach as high as $100,000 by the end of next year, though he calls the $ 40,000 mark more likely.

Market research company Forrester predicts that blockchain and distributed registry technologies will continue to gain popularity this year.
