Eugen Rosenmeier’s Opinion About Crypto in 2021

What does the future hold for the cryptocurrency in 2021 and beyond? According to Eugen Rosenmeier, a leading crypto expert and consultant on digital marketing for ICOs and blockchain, you just need to look at the current trend of Bitcoin to understand the future of cryptocurrencies.

By December 2020, Bitcoin had been on a steady climb with no signs of letting go. The popular coin reached an all-time new high and broke through $20,000 per BTC value.

At the time of writing, BTC is exchanging at $37,048.20 per Bitcoin. However, it’s worth noting that the rise wasn’t always steady. In 2018, BTC traded for around $13,500 after having achieved a high of $19,783 at the end of 2017.

There was a time when it dropped to as low as $3,400. The trend was also similar with other cryptos such as Ethereum, which dropped from a high of $1,300 in December 2017 to a low of just $190 at the beginning of 2018. However, Ethereum rallied back to over $450 by the end of December 2020.

Rosenmeier attributes the rise of popular cryptos such as Bitcoin and Ethereum to currency resilience, investor interest, and increased awareness of the blockchain technology through digital marketing of ICOs. Despite the uncertain COVID-19 times we currently find ourselves in, cryptos have proved to be resilient and still have a lot of fight left in them.

The rise of Bitcoin has left many investors wondering how high a digital currency can rise. Rosenmeier provides a simple answer to the question. Digital currencies will continue rising as long as there’s room for them to adapt and survive.

As an expert in Bitcoin and other cryptos who also do consulting on digital marketing for ICOs and blockchains, Rosenmeier gives us a few takeaways on the future of cryptos including the following:

• Over the last ten years, Bitcoin and other cryptos have already laid a solid foundation as a new asset class with the ability to give investors extraordinary results. So, expect even more investors to join in the crypto bandwagon and subsequent rise in the value of the digital assets.
• The 2019 to 2020 period has proven the ability of Bitcoin, Ethereum, and other cryptos to rise from the ashes and recover to even higher heights. Due to the high volatility nature of cryptos, you can expect them to occasionally suffer a major drop in value but you can be confident that they will rise again in good and bad economic times. The potential for recovery after a slump is extremely high. The Bitcoin bull market will always prevail.
• New developments in the crypto industry such as increased institutional acceptance and interest, a pending ETF approval, and the emergence of other popular cryptos confirm a positive trend in the growth of cryptocurrencies in the future.

Expect to See More Institutional Investors Entering the Crypto World

In 2021 and beyond, the number of individual traders is slightly low based on trading figures but notably, the number of institutional investors has for the first time increased significantly.

Eugen Rosenmeier predicts that more institutions will be climbing on board as cryptos become more popular and gain the same acceptance as fiat currencies.

Keep in mind that institutional investors normally trade in larger volumes than individual investors. That means that the industry can still sustain itself and grow even with a few institution trading partners actively transacting in the crypto space.

Rosenmeier states further that there are also several developments in the crypto industry that are expected to take place in 2021, which will have a significant impact on institutional participation in the cryptocurrency market.

For example, if cryptos are floated on popular exchanges such as Nasdaq, their value and reputation will increase significantly.

Approval of Bitcoin ETF

The Bitcoin ETF has become quite elusive for quite some time.

Crypto enthusiasts have for years anticipated the approval of a digital currency ETF for mainstream investors in the United States but the US Securities and Exchange Commission (SEC) has over and over again either delayed or rejected BTC ETF applications stating that the decision will be made on a future date.

The approval of Bitcoin ETF, which is inevitable as more people are now using the cryptocurrency today, will provide a significant boost to the cryptocurrency and open up the industry to more investors interested in participating in crypto exchanges without the risks of buying and selling crypto tokens directly.

Looking to the Future

Eugen Rosenmeier says that although it’s difficult to say with full certainty at this point which cryptocurrency will see the same stratospheric price gains as Bitcoin in 2021, you can safely assume that cryptos are here to stay and will only get stronger with time.

The blockchain technology, on which many cryptocurrencies are based, has already spread beyond the digital currencies’ industry.

We should, therefore, expect to see more applications based on blockchain technology. Cryptocurrencies are positioned to dominate financial systems across the world so expect to hear a lot more about cryptos at least for another year or so.

About Eugen Rosenmeier

Eugen Rosenmeier from Latvia is a person worth listening to when it comes to any discussion about the future of cryptocurrencies.

He’s a crypto expert specializing in consulting on digital marketing for digital currencies and processes such as ICOs and blockchain. Rosenmeier is also a real estate consultant and social media marketing expert. He has over the years taught and helped individuals as well as corporations on design and implementation of high return on investment (ROI) marketing campaigns for ICOs through the digital marketing space.

As an expert in social media marketing on platforms such as Facebook, Twitter, Instagram, and LinkedIn, Eugen Rosenmeier will guide you on how to use smart and innovative technologies and tools to promote your blockchain product successfully.

He understands all the complexities involved in digital marketing for ICOs and blockchain companies and will always provide you with useful information and real results every step of the way. 

***

DISCLAIMER

The views, the opinions and the positions expressed in this article are those of the author alone and do not necessarily represent those of https://www.cryptowisser.com/ or any company or individual affiliated with https://www.cryptowisser.com/. We do not guarantee the accuracy, completeness or validity of any statements madewithin this article. We accept no liability for any errors, omissions or representations. The copyright of this content belongs to the author. Any liability with regards to infringement of intellectual property rights also remains with them.