4 Bitcoin Developments to keep following in 2021
By Harry Biswell – Crypto Consultant
In 2009, Bitcoin's genesis block was produced, signaling the world's first decentralized cryptocurrency.
Today, Bitcoin (BTC) has a market capitalization of over $200 billion and appears to be the dominant force in the emerging digital currency sector. Bitcoin's market comprises of 57.7 percent of the entire market cap for cryptocurrencies at the time of publishing.
We'll take a look at a few notable Bitcoin trends which you should be following in 2021.
Bitcoin enthusiasts make the case that the coin is the equivalent to that of a digital gold asset class. The protocol verifies and releases a finite amount of Bitcoin with a capped circulation supply. Bitcoin's ability to shield against the depreciation of fiat currencies is no longer backed solely by crypto believers, leading many in the crypto space to refer to Bitcoin as a great store of value.
The central Bitcoin protocol may benefit from significant improvements, in addition to previous new phase implementations such as the Lightning Network. A soft fork called Taproot is expected to be launched by developers. Taproot can make scripting much more secure, robust and scalable for Bitcoin.
The Lightning Network is likely to be a substantial upgrade for Bitcoin’s protocol, that should mean it is cheaper to buy and sell Bitcoin, as well as making faster transactions. It is an optimization software solution that many expect to be refined and more widely adopted in the coming years.
In 2021, as businesses develop new digital payment methods, Bitcoin transfers are expected to become more widespread and straightforward. The use of "crypto cards" is expected to grow, allowing retail consumers to use their crypto more conveniently and securely.
If you are wanting to learn more about how to buy Bitcoin, get in touch with BC Bitcoin today. You can Buy and Sell cryptocurrency on our platform with over 110 listed coins.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
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