Over 46 million Americans own a share of Bitcoin, which is more than 17% of the adult population in the United States. Furthermore, if you follow the current crypto trends, you’ll notice that more cryptocurrencies are beginning to gain massive popularity and increase in value. The good news is that it’s not too late to join the cryptocurrency boom, as it’s only just begun.
Today, we will give you an insight into the top cryptocurrency trends for 2021 that will save you lots of money and help you earn a small fortune. Of course, keep in mind that cryptocurrency is a rollercoaster of a ride, so you’ll also need to learn how to be patient and HODL (hold on for dear life).
Tighter Regulations Are Coming
While there have been some regulations on cryptocurrencies, it hasn’t been too strict. Unfortunately, that will change throughout this year. That’s why one of the most crucial crypto trends for 2021 is keeping an eye on the regulators.
Some of the regulations that are in the works will benefit cryptocurrency. For example, they will allow the marketing and trading of cryptocurrency ETFs (exchange-traded funds). In contrast, other regulations will make people pay more taxes on what they gain.
It’s crucial for you to understand these new regulations, as the taxes imposed on these gains may be more than what you’ll obtain.
NFT’s Gaining Momentum
Perhaps one of the most popular cryptocurrency trends is that of NFT’s. In case you don’t know, an NFT is a non-fungible token that you can buy with cryptocurrencies. NFT’s can be domain names, physical or digital artwork, collectibles, and video game add-ons.
Buying an NFT represents digital rights to a unique thing or asset. That means NFT’s are great for businesses with specific target markets. If you’re a financial advisor, be sure to check out these target markets for financial advisors.
Financial Institutions Are Going All-In
Financial institutions and corporations have been well-known for creating FUD (fear, uncertainty, and doubt) in the cryptocurrency market. Nowadays, these institutions are doing everything they can to allocate resources in the crypto market. This allocation of capital has increased the market value of Bitcoin, Ethereum, and other altcoins.
This may be one of the top cryptocurrency trends for 2021 as these institutions pump massive amounts of funds into the market. It’s vital to keep an eye on these corporations and see what stable coins and altcoins they’re investing in now—knowing which one can help you earn massive gains.
Don’t Lose Sight of These Top Cryptocurrency Trends
If you want to make sure you become the next crypto-millionaire, you need to closely follow these top cryptocurrency trends. As previously mentioned, the crypto market is volatile and is in constant motion. So, always keep an eye on the latest news and be ready to take immediate action.
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