Throughout 2020, we saw a consistent flow of news about legacy finance, major investment companies and large corporations looking to enter the digital assets industry. The value proposition for investing in Bitcoin (BTC) and other digital currencies started to move beyond just a store of value or thinking of Bitcoin as a commodity like digital gold.
In 2021, we’ll see the market’s understanding of Bitcoin maturing even further. The narrative will shift from a store of value to a powerful and appreciating currency. In 2020, Bitcoin was a commodity that institutions felt pressure to own. In 2021, Bitcoin and crypto will morph from a curiosity (2017) to a commodity (2020) to real money (2021).
William Noble (OTC:NEBLQ) is the chief technical analyst of Token Metrics — an AI-driven digital assets research company. Noble is a 20+ year veteran of finance with experience at Goldman Sachs (NYSE:GS), Charles Schwab (NYSE:SCHW) and Morgan Stanley (NYSE:MS), who’s brought his market analysis expertise to the cryptocurrency space. He has the rare ability to synthesize the crypto and traditional markets in a way that surfaces insightful trends.