The world is here now, and it is officially the year of the rat! China has hopefully turned things around for their people as well as other people too like the US and Japan. The year 2020 in the United States has already been an exciting one for all investors both in the crypto space and traditional spaces.
Even greater, it appears bitcoin has mooned and we have entered bullish times right before the halving in May. Additionally, the likes of old school Gold have jumped in price suddenly. This is all right as the value of a US Dollar sinks lower than it has for a long time. Like... really low...
This is all current times however!
With what we know now about how people are accepting bitcoin into their lives. In 2020 what does this year really have planned out for the public?
There is no predicting the future of course, and by no means am I a financial professional. If you ask me though, what we see and what we have seen does certainly foreshadow our fate a lot of the time. This year we are going to see a major shift in attitudes and mindsets that we wished we had seen man moons ago.
More and more banks will offer options for people to invest in digital currencies. Many of them won't really even understand that it is a digital currency that is playing the middle man between all of their transactions. That is essentially how most of these will work too. The idea is to be able to better track how people are spending their money. By becoming the middle man and making a digital currency out of it, they solve two long-awaited problems.
1. Where is this money going
2. People need to make more money
Like heathens, we purposefully held off using such a valuable tool in hopes to release it at a better time. That is the hope at least...
It could very likely be released during a time in which our economies do start to struggle. Helping saving anyone that flocks to cryptos benefits.
Either way, digital currencies are here to stay and help us pave a better path to being on this planet together. That's not to say that we do still have traditional physical currencies. That definitely will never go away especially when things like aluminum or copper become more scarce.
Maybe not this year, however, I'm sure eventually we will see many digital coins replicate these new metals that have gained so much value all of a sudden. Meanwhile, paper money will just be paper money. Sadly we might even see the existence of paper money go away altogether! Definitely not this year of course but signs of this are already happening.
Cash is trash essentially!
This year 2020 advertisements, promoters, fans, you name it, they will all be talking about passive income along with digital currencies. Something that should have happened years ago! The great push for using your money wisely will finally be upon us all and the best part about that is. The more people decide to HODL their shit. The volume of the entire market increases with every single new person that gets on board with it. Even just to try it!
That on top of this beautiful halving coming up? This is going to be a very happy year for a lot of people that pay attention to this!
If you reading this have come this far to publish0x too. You are already ahead of the game my friend!
The year of advertisements galore for investing will be all that we see. Come 2021 we might see a lot of the same too. For now, though, we buy low and sell high. Pay attention to world news, business news, tech news, and everything else we can get our hands-on. Pay the most attention to the volume like always! Remember that the top cryptos are top cryptos for great reasons and no FOMO. Nobody likes to FOMO. Patience is key!
Before ending today's read I wanted to cover some recent headlines and their most likely future. This should be taken lightly as it is my own opinion. These are just some extremely hard to argue points that people should be aware of:
1. LIBRA
It is shit.
This is a hard one to get behind simply because it is hard for anyone outside of facebook to see that it would ever be remotely successful. When I say outside of facebook too I don't mean their users. I mean the actual employees of facebook and the people that work or use to work there.
Certainly, many of them are marvelous human beings but these are not people that are exactly the same people. They aren't all Zuckerbergs either thank goodness! But when you work somewhere it is hard not to get invested into bullshit. Sort of like how a company give its employees stock shares. The company could be totally crappy and go bankrupt in a few years. Yet, they still go Public and use their bullshit to make people happy for as long as they can until they either succeed or fail.
Facebook's Libra project has not had the greatest development progress in recent history according to many sources around the net.
On top of it being a developmental broken waste of time, Congress has continually blocked and prolonged Facebook's progress on the project. Thank goodness for this too otherwise they would have launched a broken digital currency in beta mode. For some strange reason, it is the trend of recent Silicon Valley times to launch unfinished products out to the product. Simply so they can fix all the holes in it as they go along rather than before it is officially finished.
It's greasy!
People don't like greasy companies anymore and the year 2020 we will see both our government and the people resist Facebook's dream of coming out with their own money-laundering platform. Let's face it, that is essentially what it would be used for off the bat immediately no questions asked.
Oh wait... does Facebook not think that they still have millions of fake accounts on their airways? And what about that Deep Web facebook everyone uses? Sure it helps people in countries where there is censorship but it sure does help more criminals out than it does countries of people.
My opinion though! Facebook's Libra will fail to make it the start of people truly opting out of using the platform altogether. Not right away except it will signal the beginning of the end.
2. Bitcoin Halving (Halvening)
The most fun subject of the year in the Crypto World has a little ways to go. May is approaching quickly and the big push to adopt bitcoin is underway.
Before May we were likely to see the bitcoin price turn bullish once more. This year already it has peaked at over $9k USD and we are only in the first month of this year.
With how things have been going, most people are thinking that bitcoin is likely going to hit something like $11k or $12k USD at least once before the halving happens in May.
Predictions from many have also said it will go higher and more often than not. Which would be exciting for certain!
One thing is for certain though, whatever the steady price come time of May. This halving event will no doubt help all who are invested.
People will need to tread lightly though because this is likely the time of year when Cyber Crime will ramp up.
The excitement for the halving and bitcoin itself will attract new criminals who have already been gearing up for that time to come.
The halving will prove to be both devastating and beneficial for many. Possibly could even contribute to how our economy in the US does for the rest of the entire year. Either sending it into an overdue downtrend or giving it the proper boost.
3. 2020 Elections
I had to mention this one because this is the subject of the United States and what may or may not happen this year.
The elections are coming up here in November and we only know one thing for sure. President Trump will either be re-elected or he will lose to another worthy adversary.
So unless we riot (not saying we should!) and change how we do government. One of two things is going to happen that will help decide the fate of cryptocurrency in 2020.
Let's say Trump loses to someone and a new person becomes president. In this scenario, we would likely see the economy take a hit which in turn would also affect the price of bitcoin. Although that might help the price of bitcoin at first, it certainly doesn't help the economy overall to take a hit. Meaning eventually bitcoin would take a hit as well.
Now let's say trump does get re-elected. In this scenario, we would continue seeing what we have already been seeing for 3 almost 4 years now. The year would end decent but overall huge for bitcoin. Then in 2021, it would be right back to it! Almost like the repeat year of 2020. This is because Trump is actually well which is either surprisingly or unsurprisingly to many. Many people might hate him or love him but he is a deal maker. He also just really loves money like a mad man.
Bold to come out and say this but the most likely of these scenarios is that President Trump gets re-elected and we see 4 more years of him. Not a bad thing at all when it comes to our investment portfolios here in the US. During election season we will easily see a price hike in the crypto space simply due to the fact that it will be highly chaotic times for us here.
With the world watching it will be chaotic for them through their telescopes.
Overall it seems that no matter what happens with these three events this year. Bitcoin is going to have an amazing year regardless. Whether Facebook Libra tanks or not, or the 2020 elections send the US into a frenzy. The halving will get many more people pumped up about bitcoin. Investing should be more widely adopted since everyone deserves a passive income. Pay attention to these things this year, be patient, and make money! It will be an amazing year if you do ;)