In case you hadn’t noticed, 2020 was a bit wild. And many of the unprecedented events of the year directly impacted Bitcoin and its value proposition.
A pandemic-driven wave of economic stimuli highlighted the need for a truly incorruptible store of value, potentially motivating institutional adoption of BTC. A growing authoritarian political climate alerted many to the need for pseudonymous and independent money. And the Bitcoin community itself grew stronger, with a range of companies and projects developing new and improved services to leverage the technology.
A sustained bull run and the repeated eclipsing of all-time price highs has made it clear that 2020 was a big year for Bitcoin, and that this momentum will carry us well into 2021. But we wanted to get a clearer sense of what our readers are thinking as this wild year ends and a new unknown begins. So we teamed up with sats-reward platform Carrot and commissioned a “2020 End Of Year Survey.”
More than 200 participants submitted responses and below are a few of the most interesting results from the field, as well as thoughtful commentary from some of the spaces most active and influential participants.
In A Year Of Crisis, Bitcoin Emerged
For many of us, 2020 has been defined by the emergence and spread of COVID-19, which motivated government lockdowns, mandated social distancing and subsequent economic stimulus. Our survey made clear that many Bitcoiners see this as the primary driver of Bitcoin’s surge across the year.
“Amidst the uncertainty of the world due to the pandemic, Bitcoin was looked upon as the savior,” wrote one respondent. “People want certainty. With fiat money being printed for fun, it allowed people to ask the right questions and realize that cash is trash.”
“There is no doubt that Bitcoin has had a good year,” wrote another. “The pandemic has given the perfect lane for Bitcoin to spread, which has allowed us to see how…