Breaking above $20,000, which represented a significant hurdle in the mindset of most traders, is entirely new ground for bitcoin and opens the doors for a climb to $100,000 over the course of 2021, according to some. What do you take on this?

The rise of Bitcon bodes well for other Digital Assets as well, including decentralized finance (DeFi).

Bitcoin profits are partially recycled back into other smaller tokens later in the bull cycle. In 2017 that was other blockchains such as Ripple & Litecoin. However, this time around, funds are likely to flow into the new crop of DeFi blue-chip projects, built on Ethereum.

“When the rally to near $20,000 happened in 2017, there was a real lack of products for the new converts to experience, whereas today there are endless uses, protocols, services across farming, lending, standard trading.