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Within 9 years since its introduction, bitcoin has become a major store of value through rapid adoption and growth rate in major regions such as Japan, the US, South Korea, and Hong Kong. In several countries like Japan and the Philippines, bitcoin has been recognized as a legitimate remittance payment system, money, and currency. Earlier this year, the Japanese government also recognized cryptocurrency and bitcoin exchanges as legitimate financial service providers.
As a technology, bitcoin is only 9 years old. In fact, even up until , many analysts described Amazon as a bubble and an unsustainable business. Bitcoin has seen a similar trend. But, it is a technology and a financial network that is much younger than Amazon and hence, at an earlier development stage. Still, the adoption rate of bitcoin has exceeded the expectations of most analysts and investors of bitcoin, primarily due to the support of governments like Japan.
In the upcoming months, by the end of , the number of institutional and retail investors in bitcoin is expected to surge, considering the launch of bitcoin futures by CME Group, the largest options exchange in the world, and the possibility of bitcoin ETFs being approved by the SEC. Bitcoin is Better Than Gold. Mike Belshe's Letter Topics: Bitcoin BTC price volatility is unlike anything else, in one chart — Quartz https: Tone Vays is available for consulting at the rate of 0.
Please email Tone protonmail. Bitcoin hits the mainstream, but is it really 'the new gold'? First Wall Street strategist to embrace bitcoin and call for rally is now 'cautious' https: A Plain English Guide http: Bitcoin price hits yet another record high https: Please Subscribe to our Youtube Channel https: In the eighth installment of CryptoGoldCentral.
Bitcoin has become the currency that's hard to spend: In the installment of CryptoGoldCentral. Simon, who has become one of the Bitcoin communities' most prominent leaders, discusses the most pressing issues in the global cryptocurrency community.