Cryptocurrencies Close 2020 At Record Highs
The year 2020 will go down in history as a turning point for the world. We entered a new landscape that has shaken many of us to ask questions and expand our beliefs. We’re waking up to completely new possibilities and opportunities in all aspects of our lives.
New ways to make money in a transforming economy is just one of many ways we’re learning to be more empowered. Cryptocurrencies, such as Bitcoin and Ethereum, are giving us exciting opportunities and amazing results.
Bitcoin (BTC) nearly tripled its price in 2020 and ended 2020 close to $29,000. The cryptocurrency rallied by over 45% just in the month of December; ending the year with a gain of 290%. The second most eyed cryptocurrency, Ethereum (ETH), gained 450% for the year.
Compare these annual returns with less than 1% return that your bank offers you.
And compare the annual gains of these two major cryptos to traditional assets such as gold and stocks. Gold gained nearly 25% in 2020 and the S&P 500, Wall Street’s benchmark index for the stock market, had a 16.3% price return.
The main catalysts behind the cryptocurrency rally have been the increase in institutional investment in Bitcoin, favorable financial conditions as a result of central bank liquidity injections, and the decline of the U.S. dollar. Read the Cointelegraph article (link below) to find out more about the top performing crypto assets for the year:
What’s possible for 2021?
When more people discover the possibilities of investing in cryptocurrencies, it will expand awareness to what’s possible—and not just with money! 2021 will be the year when we open our minds to what’s possible in every aspect of our lives. We have the power to create our future. But remember what we focus on will expand.
The new year will be rocky. We’re navigating unchartered waters and many unknowns, yet we can experience deeper satisfaction and joy as we welcome new potential and opportunities for a whole new experience of life. Keep your spirit high and focus on the better world that you want in 2021 and beyond..
https://cointelegraph.com/news/bitcoin-stablecoins-and-defi-2020-s-top-performing-crypto-assets
Post image from cointelegraph.com
Source: https://unlimitedinnerpower.com/cryptocurrencies-close-2020-at-record-highs/
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