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2021 should also be a good year for crypto start-ups

Updated: Mar 28

2021 should also be a good year for crypto start-ups

More and more companies are being founded whose business models are based on the blockchain. Cryptocurrency is the driving force behind this. If the price of the crytocurrency is high, more start-ups will be founded.

The more expensive the Bitcoin, the more companies want to benefit from the surrounding the cryptocurrency. There are more and more start-ups that deal with topics such as blockchain and other crypto currencies. This is shown by an evaluation by the provider databyte, which has received in advance.

According to this, there have been many start-ups in some countries since 2008 that have arisen in the context of the blockchain. Even in the pandemic year, new companies were added. The largest increase was recorded in 2018, shortly after the price of Bitcoin broke the 20,000 level for the first time.

In fact, there seems to be a slight correlation between the Bitcoin price and the number of new crypto startups being launched. If the development continues accordingly, 2021 should also be a good year for crypto start-ups. At the beginning of the year there was a real Bitcoin increase; the price for the oldest cryptocurrency then rose to 60,000 for the first time on Saturday. The price is no longer only driven by small investors, but also by large investors such as PayPal, who are increasingly relying on Bitcoin as an investment.

In fact, the crypto scene is bigger than many think and the location can certainly keep up with competition. The economy must and will orient itself towards future such as blockchain in order to find itself successfully. What is needed is a payment system that is based on crypto evidence instead of trust and that allows two parties to deal with one another without an intermediary they trust.

The contents of this article are for informational purposes only and are not investment advice.

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