See full analysis Learn more Cryptocurrencies [New] Digital currency bitcoin has emerged as a rival to gold and could trade as high as US$146,000 (C$185,223) if it becomes established as a safe-haven asset. [New] Digital currency bitcoin has emerged as a rival to gold and could trade as high as $146,000 if it becomes established as a safe-haven asset. [New] Gold and bitcoin could continue to rise as governments and central banks are unlikely to slow or halt liquidity-boosting programs launched in 2020 to counter the coronavirus-induced recession. The world's CO2 levels hit new highs last year, a trend that is expected to repeat itself in 2020 despite coronavirus-related lockdowns that have forced a global industrial slowdown. From 2021, PayPal plans to allow its users in the US to pay with bitcoin. MicroStrategy raised $650 million to buy more bitcoin, expected to take its holdings to over $1 billion, triggering a fresh wave of bullishness among crypto investors. Bitcoin is a store of value, like digital gold, and will unlikely be used as traditional currency for the next five years. The cryptocurrency market has erupted into a $200 billion industry, sparking a wave of global disruption. Cryptocurrency has erupted into a $200 billion industry, sparking a wave of global disruption. S&P Dow Jones announced this month that it will launch cryptocurrency indices in 2021, paving the way for cryptocurrencies to become more mainstream investments. 2020 will be a breakout year for bitcoin, fueled by the U.S. presidential election and the weak dollar. With the gold market at just over $10 trillion, about a $1 trillion market cap for the benchmark crypto may be attained by 2022 if Bitcoin follows the regression line since first reaching $10 billion in 2013. With an average growth rate of 13.2%, the global gambling market is expected to grow to $94 billion by 2024, thanks in part to the increased adoption of cryptocurrency as demonstrated by the growing number of new Bitcoin casinos being added regularly. One in 10 central banks - representing approximately one-fifth of the world's population - expect to issue their own digital currencies within the next three years. The utility of cryptocurrencies will gain a major boost next year when PayPal makes cryptocurrencies available as a funding source for purchases. The global cryptocurrency market is estimated to be valued at US$ 189.9 billion in 2017 and is expected to witness a CAGR at 56.2% during the forecast period (2017-2025). Another 15% of PayPal users intend to purchase or invest in cryptocurrency in the next 12 months - and half of them expect to make retail purchases with Bitcoin in the next year or two. The next ten years will bring us key changes in traditional finance when blockchain and cryptocurrencies will become a daily thing in most countries of the world. In 2020, cryptocurrency will celebrate its 12th year of existence and has become a force to be reckoned with in the global financial industry, which is becoming increasingly standardized and compliant. Technology commentators are predicting that 2020 is going to see an acceleration of new tech entering the market including 5G wireless connectivity, blockchain technology (beyond cryptocurrency) and AI/ML. Bitcoin ATM Market is expected to reach USD 147.9 million by 2025 from USD 7.1 million in 2017 and is projected to grow at a CAGR of 56.9% in the forecast period of 2018 to 2025. Last updated: 10 January 2021 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No