How Bitcoin Grew Even Stronger In 2020 – Bitcoin Magazine

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series.

For most people, 2020 was one of the most challenging years in recent memory. The entire world was shaken by the COVID-19 epidemic (or scamdemic, if you’re so inclined).

The corporate press blanketed the public with stories of death and full intensive-care units. In response to COVID-19, governments around the world shut down businesses and schools, plunging the economy into a recession and mass unemployment. Even 11 months into this crisis, many jurisdictions are still on lockdown. And if that wasn’t enough, political tensions are at an all-time high, culminating in a presidential election that has drawn sharp allegations of voter fraud. No matter who you are, there’s a reason to dislike this entire year.

Except if you’re a bitcoiner.

For bitcoiners, 2020 was yet another win in a long series of victories, as we walk the path from novelty project to the future global reserve currency. Every aspect of the Bitcoin ecosystem grew stronger this year; the code, the community and the price. For someone that was already bullish at the beginning of 2020, it’s hard not to be even more optimistic at the prospects for 2021.

Bitcoin’s Technical Progress In 2020

From a technical standpoint, 2020 produced the greatest progress since the adoption of Segregated Witness in 2017, thanks to the merger of Taproot into the Bitcoin Core codebase this October.

Although it hasn’t been deployed to the network yet, and we still haven’t seen any real-world applications, the promise…

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