2020 was an unprecedented year for crypto, but what is the fate of crypto in 2021?
There is speculation that there will be new regulations with the appointment of the new US administration. Ofcourse, this had many people worried and wonder where crypto is heading. Many thought leaders in the crypto space went to the public to assure everyone that these measures are only for clarity and maintaining balance. According to them, there will be no banning of cryptocurrencies and that the measures will only make things better.
The biggest risk for crypto right now is the US government because major players like China and Russia have already banned it. However, the new US administration is not likely to take any action against crypto as it’s more focused on innovation. If anything, crypto is gaining a lot of attention at the moment, especially in the US where there is a big movement supporting it. Crypto certainly won’t get banned anytime soon.