The end of 2020 has been lighting up crypto-centric subreddits and feeds of Bitcoin hodlers as the appetite for the digital bullion reaches an all-time high.
The explosion has been accelerated via the adoption of the network by PayPal, along with the long-sought out stamp of approval from respected figures like Michael Saylor, Jack Dorsey, and Paul Tudor Jones.
The corresponding price appreciation and mainstream awareness from the likes of Maisie Williams and the most recent institutional buy-in from MassMutual continue to buoy the price and sentiment surrounding Bitcoin (BTC).
The tide continues to rise as the work-from-home dynamic drives digital transformation and it increasingly appears that 2021 will be an action-packed year for the next chapter in the evolution of the Bitcoin network.
Let’s take a look at some of the key areas to keep an eye on in 2021.
Bitcoin miner valuation and the comparison to gold
Bitcoin mining has many fundamental similarities to gold mining; however,…