Yes, very right. At least I realized that 70% of the assets are in cryptocurrency, and only 30% is used for daily expenses and some loan repayments. Since DEFI just started, some institutions have started When they entered the market one after another, the financial revolution had already begun.
Topic: ㅤ - page 2. (Read 237 times)
I really think it was introduced a long time ago when the exchanges started and the 3rd party that allows BTC to be converted to fiat money. This made the BTC available to the people to participate and treated Bitcoin as currency. But the biggest introduction that sparked everyone was when a legitimate and well-known company like Paypal and Visa allows users to buy and sell BTC. It made the impression of Bitcoin was being just used by criminals changed. It was a turning point that regular people tend to see Bitcoin be a real asset.
Bitcoin is receiving active support from companies around the world. They choose Bitcoin and that's how Bitcoin enter the world economy. As companies hold Bitcoin, the state will have to make specific laws to regulate Bitcoin. That support will make Bitcoin expand its market share and increase its capitalization. That also means that the cryptocurrency market will be more active.
Thanks for this. This is really useful.
This just shows how exponential the growth has been from an adoption perspective, and that is exactly what we like to see as it offers substance to back up the current bull run.
We should continue to see this sort of growth. Institutions are jumping on the opportunity to adopt bitcoin on a large scale more than ever. Retirement funds are moving, investment banks are moving, portfolio managers are moving... It's truly an alternative asset class that offers a low/negative Beta with the rest of the market.
This just shows how exponential the growth has been from an adoption perspective, and that is exactly what we like to see as it offers substance to back up the current bull run.
We should continue to see this sort of growth. Institutions are jumping on the opportunity to adopt bitcoin on a large scale more than ever. Retirement funds are moving, investment banks are moving, portfolio managers are moving... It's truly an alternative asset class that offers a low/negative Beta with the rest of the market.
Let's recall the main announcements in which bitcoin adoption appears
Great list. Im not sure but in the previous bull run on 2017/2018 was there any significant announcements for adoption like this ?
Bitcoin adoption has definitely improved in the past one year, thus that means mainstream adoption is a possibility somewhere down the road.
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I don't think I'd be wrong to say the pandemic has had a lot to play in Bitcoins adoption in the last one year
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I don't think I'd be wrong to say the pandemic has had a lot to play in Bitcoins adoption in the last one year
One of the main reason would be the US 10 year treasury yield has been plummeting because of the pandemic. The yield was below average and the big ventures need to maintain their funds so crypto was one of the best choice. Some ventures probably maintain over 10 billion so taking 5% of it to put it into crypto for around 3x gain is a pretty good decision
Bitcoin adoption continues...
It's absolutely continuing, I mean, all this announcements/news were big when we heard/read about them after they were published, but bringing them together in one thread somewhat exposes users to how many they actually are, and tbh, Bitcoin adoption has definitely improved in the past one year, thus that means mainstream adoption is a possibility somewhere down the road.I don't think I'd be wrong to say the pandemic has had a lot to play in Bitcoins adoption in the last one year, I'm not saying it has been the sole factor, but the fall of traditional economies, inflation, plus government policies that society is still feeling the brunt of, and then the fact that Bitcoin was to a large extent unaffected by the pandemic and all, has allured quite a lot of people to the Bitcoin network, increasing their believe in the network as a possible "safe haven" (though it may not be there yet), and a hedge to devaluing fiat currencies.
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