This week by many accounts Bitcoin hit its highest price ever, making crypto history. With every recent sell-off being quickly bought up, the king of crypto has now been consolidating under resistance, with the whole world on the edge of its seat wondering what’s next for Bitcoin.

Cryptocurrency’s dominant force in 2020 has continued to rise, as S&P Dow Jones Indices announced that it would list crypto indices in 2021 (Decrypt). This gives another way for institutional and legacy asset investors to join the crypto investing party.

Spotify, the world’s largest music streaming service provider, disclosed it is building its staff to explore the acceptance of payments from crypto, stablecoins, blockchain, and CBDCs - with a focus on Facebook’s stablecoin (Cointelegraph). Facebook announced they are moving forward with the stablecoin project in 2021 and decided to re-brand it with the hopes of giving it new life amidst regulatory stigma, by changing its name from Libra to Diem.

If that wasn’t enough exciting news, this week, the launch of Ethereum 2.0 was officially deployed, enabling investors to stake 32 ETH on their platform for 1 year to unlock staking rewards on the high-performance Proof-of-Stake version of Ethereum (Decrypt).

Grayscale’s Bitcoin assets under management (AUM) crossed over $10 Billion as they & PayPal each have been buying more Bitcoin than is being minted from miners on a weekly basis.

Financial institutions, while late to the party, have finally joined in, as a Citibank email leaked which gave an astronomical Bitcoin price prediction of $318,000 by the end of 2021 (Coindesk).  Stating that “Bitcoin is the exact kind of thing that sustains a long-term trend.” And anticipates an “exponential move.”

While just a few months ago the validity of Bitcoin was under question, now $100,000 price predictions are being considered far too low. What we know for certain is that crypto and blockchain is the most exciting industry and asset class of 2020, and companies and retail investors are rushing to get their foot in the door of the spaceship, before it really leaves the launchpad.

Top Market Movers

  • Compound (COMP) +38%
  • Litecoin (LTC) +26%
  • Algorand (ALGO) +22%
  • Yearn.Finance (YFI) +20%

Algorand Now Live on Voyager

Algorand (ALGO) was the 54th digital asset to be added to Voyager’s platform. As of yesterday, ALGO is officially live for buying & trading on the Voyager app!

Algorand describes itself as “the technology company that built and developed the world’s first open, permissionless, pure proof-of-stake blockchain protocol that, without forking, provides the necessary security, scalability, and decentralization needed for today’s economy.” Algorand is a decentralized digital currency and transactions platform, enabling “traditional finance and decentralized financial businesses to embrace the world of frictionless finance.”

Download the Voyager app now and start investing in ALGO!

Voyager Loyalty Program & Token Utility Model

We are so excited to announce the unveiling of our upcoming Token Utility Model & brand new Loyalty Program for Voyager customers.

Under this program, users in each tier, Explorer, Navigator, or Voyager, will receive different benefits in our membership program.

Read our official blog post to learn more about the Loyalty Program and benefits included as well as details about our upcoming Token Swap!

ICYMI: The Golden Record – Episode 3

In case you missed it, hosts Charlie Shrem & Voyager CEO & Co-founder Steve Ehrlich went live yesterday for the third official episode of The Golden Record Broadcast.

There they discussed everything upcoming for Voyager, including the new Loyalty Program and Token Utility Model. Find out more by watching a full recap of the episode!

Click here to watch episode 3 of The Golden Record.

Read This...

Reuters > "S&P Dow Jones Indices to launch cryptocurrency indexes in 2021"

Fxstreet > "Spotify to Potentially Start Accepting Cryptocurrencies as a Payment Method"

Cryptobriefing > "Job Posting Reveals Spotify Mulling Crypto Payments"

Cointelegraph > "Institutional Investors Won’t Save Crypto, but They Will Help it Grow"

Coindesk > "Why Stablecoins Are the First Battleground of the Coming Crypto Regulation Wars"

Cointelegraph > "3 Key Ways 2021’s Bitcoin Bull Run May Differ from 2017’s"