The way Bitcoin is been used by large and small companies and organizations. Do you think this will continue in the coming years?
If that is what you see and it happens now, then it is absolute that it will grow demand and its adoption. We'd never think this thing happened because what is in our mind is full of uncertainties but we believe it now that this new technology gives us something new. As the years come by, we can expect more things like this -- and more people gain interest in investing, trading, and using this as a payment option. It is really true that the development and acceptance of the community takes years, not just a single day.
As long as companies, people are using this currency, there's always the possibility that the demand will further increase in the coming years.
Worry if we are seeing that the popularity of crypto market is waning down. That's when you need to seriously look out for what may possibly happen with this technology.
This is why it is safe to say that the number of users today is more than what we had 5 years back. We have seen a lot of people trying to join this market.
Of course, the hope of getting high profits is always there. And volatility factor is one major reasons why people are getting enticed to hold some of this currency.
The technology bitcoin uses hasn't changed much since its launch. So if people are interested in it right now then there is slight chance that the interest will fade away. You are talking about the use of bitcoin by companies which is a positive side but i am not seeing much adoption here. What we are seeing is that some big institutions like microstrategy, tesla etc are taking a large sum of bitcoin out of circulation. Even the biggest asset manager blackrock will do something similar. They will buy bitcoin from the market and offer their holding as a share to their customers. Where is the use of bitcoin in all these? The only use case it is serving is to be used as a store of value.
