1) Bitcoin can grow to $100,000 by the end of 2021 – Binance US CEO.
Catherine Coley, CEO of Binance US spoke to news outlet KLTA yesterday
Where we thought maybe $50,000 made sense, this number is definitely going to be a little bit higher than that in my opinion. I think we’re going towards $75,000 to $100,000 for Bitcoin by the end of 2021.
She is not the only one who believes this Dan Held of Kraken exchange has also mentioned the 2021 supercycle that can eventually lead the way of Bitcoin to $1,000,000.
2) Kain Warwick announced a blockchain-based game project.
Illuvium is a blockchain-based game project which has successfully gained the support of industry bankers. Co-founders of Illuvium are Kieran and Aaron Warwick, siblings of Kain Warwick, the co-founder of decentralized finance platform Synthetix. Kain tweeted
Extremely excited that after years of pressure two of my brothers are launching a crypto NFT game @illuviumio. Also as promised I just finished that $1m @chainlink market buy into Kain.eth via @1inchExchange. I’m going offline for 2 weeks now enjoy the start of 2021!
3) Shenzhen resident will get Red Envelopes worth $31.
In 2021, residents of Shenzhen can register to take part in a municipal lottery in which lottery winners will get “red envelopes”. This red envelop includes 200 digital yuan in total 100,000 such envelopes, which will be distributed to the citizens. Winners will be able to spend their prize across 10,000 supported merchants for just 10 days, as it will expire after that period. The registration was open from 1 January to 4 January on iShenzhen event registration platform.
4) IRS to focus more on crypto tax payment enforcement.
Internal Revenue Service (IRS) has till now focused on informing the public about proper reporting guidelines, but now it will be turning to more stringent “enforcement.” In 2021 there will be a new phase for those who are not reporting their crypto earnings as IRS is starting to focus on pursuing “civil and, potentially, criminal penalties.”.
5) Mike Novogratz thinks Bitcoin has reached milestone because of institutional adoption.
Mike Novogratz, Galaxy Digital founder and CEO in an interview with BBC World News said
Now we’re seeing places like PayPal — at 340 million customers — servicing Bitcoin and selling Bitcoin [along with] big insurance companies in the United States. As the institutions move in, there just is not a lot of supply […] There are a lot more than 21 million millionaires out there.