Some values increased nearly four-fold last year as the use cases for cryptocurrency and wider acceptance by traditional banks and financial institutions have gained traction. The new year and new administration in Washington has brought uncertainty over what many see as potentially one of the most revolutionary developments in financial services, the broader acceptance and regulatory framework for cryptocurrencies.ĭigital assets or currencies such as bitcoin have exploded in popularity.

Dollar banknotes in this illustration taken May 26, 2020. FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365).Representations of virtual currency Bitcoin are placed on U.S. Registered Address: 251 Little Falls Drive, Wilmington, DE 19808. FXP is not responsible for any trading decisions taken by persons not intended to view this material.

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Currency outlook 2021