Bitcoin’s journey has been a very tumultuous one, with an up-and-down price movement that has caused media frenzies for years.
Experts have been hard at work trying to predict the fate of the premier digital currency – governments and a host of private actors have discredited the idea of a Bitcoin-led future. Looking back, in the year 2017, a number of notable organizations began taking the cryptocurrency seriously. The media became awash with reports of retail investors who had opted to bet top dollar on the virtual coin.
In addition, the rise of initial coin offerings (ICOs) presented fresh opportunities to potential investors that had considered to jump on the bandwagon. All the while, a number of pundits were quoted criticizing Bitcoin as the criminal world’s preferred medium of exchange – they asserted that Bitcoin was going nowhere.
The Global Buy-in
Today, most of the anti-crypto sentiments have been overshadowed in the wake of Bitcoin success, and a rather noticeable wave of adoption. The year 2020 and 2021 have seen an institutional interest in Bitcoin, with quasi-institutional actors seeming to drive much of the events surrounding the world’s first cryptocurrency.
Essentially, high net-worth individuals and ultra-rich families have been seen to convert some of their balance sheet cash into Bitcoin. A good example is the founder of The Robin Hood Foundation Paul Tudor Jones.
An article by Yahoo Finance once captured his thoughts about Bitcoin’s perceived future. While Jones acknowledged that he was not a crypto expert by any means, he voiced his expectation that the virtual coin was on a path to become “substantially higher in 20 years”.
In addition, Jones compared the Bitcoin boom to the internet stocks of the year 1999 when various organizations couldn’t settle on the value of the internet at the time. Then, very few people and organizations had an idea of just how much potential the internet presented for the future – those who jumped on the opportunity have become dominant economic players in the world today.
Nonetheless, even with the corporate buy-in that we’ve been witnessing for some time now, some stakeholders have not come to terms with the fact that Bitcoin’s widespread institutional support is in the offing.
Even though a host of leaders from the largest publicly traded organizations in the world to governments, and central banks have been put on record for fighting Bitcoin, the top tier of global leadership seems to be willing to provide institutional support for Bitcoin.
The Next Big Thing – Institutional Support
Hitherto, a majority of countries that have created crypto-centric legislations have been cornered into doing so, thanks to the status of global trade that is slowly moving away from the overreliance on fiat currencies.
Otherwise, countries like Iran and Venezuela have used cryptocurrencies to circumvent the economic restrictions associated with U.S. sanctions. In addition, some regimes have been experimenting with the idea of economic decentralization in an effort to test the crypto waters.
The possibility that more localities will begin Bitcoin adoption is very high even as some legislators have been seen ton accept contributions in cryptocurrency even without the explicit nod from the central bankers.
Already, a number of U.S. municipalities are beginning to consider the possibility of converting entire city treasuries into Bitcoin. The most notable example is that of Miami mayor Francis Suarez whose pro-Bitcoin views were made very public – his city is currently figuring out the modalities of making direct Bitcoin purchases.
Moving forward, U.S. local governments and a few federal actors will most likely set the pace for cities across the world to adopt the Bitcoin cryptocurrency – such a move will transcend all political levels to uphold Bitcoin’s supremacy.
Bitcoin’s journey has been a very tumultuous one, with an up-and-down price movement that has caused media frenzies for years.
Experts have been hard at work trying to predict the fate of the premier digital currency – governments and a host of private actors have discredited the idea of a Bitcoin-led future. Looking back, in the year 2017, a number of notable organizations began taking the cryptocurrency seriously. The media became awash with reports of retail investors who had opted to bet top dollar on the virtual coin.
In addition, the rise of initial coin offerings (ICOs) presented fresh opportunities to potential investors that had considered to jump on the bandwagon. All the while, a number of pundits were quoted criticizing Bitcoin as the criminal world’s preferred medium of exchange – they asserted that Bitcoin was going nowhere.
The Global Buy-in
Today, most of the anti-crypto sentiments have been overshadowed in the wake of Bitcoin success, and a rather noticeable wave of adoption. The year 2020 and 2021 have seen an institutional interest in Bitcoin, with quasi-institutional actors seeming to drive much of the events surrounding the world’s first cryptocurrency.
Essentially, high net-worth individuals and ultra-rich families have been seen to convert some of their balance sheet cash into Bitcoin. A good example is the founder of The Robin Hood Foundation Paul Tudor Jones.
An article by Yahoo Finance once captured his thoughts about Bitcoin’s perceived future. While Jones acknowledged that he was not a crypto expert by any means, he voiced his expectation that the virtual coin was on a path to become “substantially higher in 20 years”.
In addition, Jones compared the Bitcoin boom to the internet stocks of the year 1999 when various organizations couldn’t settle on the value of the internet at the time. Then, very few people and organizations had an idea of just how much potential the internet presented for the future – those who jumped on the opportunity have become dominant economic players in the world today.
Nonetheless, even with the corporate buy-in that we’ve been witnessing for some time now, some stakeholders have not come to terms with the fact that Bitcoin’s widespread institutional support is in the offing.
Even though a host of leaders from the largest publicly traded organizations in the world to governments, and central banks have been put on record for fighting Bitcoin, the top tier of global leadership seems to be willing to provide institutional support for Bitcoin.
The Next Big Thing – Institutional Support
Hitherto, a majority of countries that have created crypto-centric legislations have been cornered into doing so, thanks to the status of global trade that is slowly moving away from the overreliance on fiat currencies.
Otherwise, countries like Iran and Venezuela have used cryptocurrencies to circumvent the economic restrictions associated with U.S. sanctions. In addition, some regimes have been experimenting with the idea of economic decentralization in an effort to test the crypto waters.
The possibility that more localities will begin Bitcoin adoption is very high even as some legislators have been seen ton accept contributions in cryptocurrency even without the explicit nod from the central bankers.
Already, a number of U.S. municipalities are beginning to consider the possibility of converting entire city treasuries into Bitcoin. The most notable example is that of Miami mayor Francis Suarez whose pro-Bitcoin views were made very public – his city is currently figuring out the modalities of making direct Bitcoin purchases.
Moving forward, U.S. local governments and a few federal actors will most likely set the pace for cities across the world to adopt the Bitcoin cryptocurrency – such a move will transcend all political levels to uphold Bitcoin’s supremacy.
Bitcoin’s journey has been a very tumultuous one, with an up-and-down price movement that has caused media frenzies for years.
Experts have been hard at work trying to predict the fate of the premier digital currency – governments and a host of private actors have discredited the idea of a Bitcoin-led future. Looking back, in the year 2017, a number of notable organizations began taking the cryptocurrency seriously. The media became awash with reports of retail investors who had opted to bet top dollar on the virtual coin.
In addition, the rise of initial coin offerings (ICOs) presented fresh opportunities to potential investors that had considered to jump on the bandwagon. All the while, a number of pundits were quoted criticizing Bitcoin as the criminal world’s preferred medium of exchange – they asserted that Bitcoin was going nowhere.
The Global Buy-in
Today, most of the anti-crypto sentiments have been overshadowed in the wake of Bitcoin success, and a rather noticeable wave of adoption. The year 2020 and 2021 have seen an institutional interest in Bitcoin, with quasi-institutional actors seeming to drive much of the events surrounding the world’s first cryptocurrency.
Essentially, high net-worth individuals and ultra-rich families have been seen to convert some of their balance sheet cash into Bitcoin. A good example is the founder of The Robin Hood Foundation Paul Tudor Jones.
An article by Yahoo Finance once captured his thoughts about Bitcoin’s perceived future. While Jones acknowledged that he was not a crypto expert by any means, he voiced his expectation that the virtual coin was on a path to become “substantially higher in 20 years”.
In addition, Jones compared the Bitcoin boom to the internet stocks of the year 1999 when various organizations couldn’t settle on the value of the internet at the time. Then, very few people and organizations had an idea of just how much potential the internet presented for the future – those who jumped on the opportunity have become dominant economic players in the world today.
Nonetheless, even with the corporate buy-in that we’ve been witnessing for some time now, some stakeholders have not come to terms with the fact that Bitcoin’s widespread institutional support is in the offing.
Even though a host of leaders from the largest publicly traded organizations in the world to governments, and central banks have been put on record for fighting Bitcoin, the top tier of global leadership seems to be willing to provide institutional support for Bitcoin.
The Next Big Thing – Institutional Support
Hitherto, a majority of countries that have created crypto-centric legislations have been cornered into doing so, thanks to the status of global trade that is slowly moving away from the overreliance on fiat currencies.
Otherwise, countries like Iran and Venezuela have used cryptocurrencies to circumvent the economic restrictions associated with U.S. sanctions. In addition, some regimes have been experimenting with the idea of economic decentralization in an effort to test the crypto waters.
The possibility that more localities will begin Bitcoin adoption is very high even as some legislators have been seen ton accept contributions in cryptocurrency even without the explicit nod from the central bankers.
Already, a number of U.S. municipalities are beginning to consider the possibility of converting entire city treasuries into Bitcoin. The most notable example is that of Miami mayor Francis Suarez whose pro-Bitcoin views were made very public – his city is currently figuring out the modalities of making direct Bitcoin purchases.
Moving forward, U.S. local governments and a few federal actors will most likely set the pace for cities across the world to adopt the Bitcoin cryptocurrency – such a move will transcend all political levels to uphold Bitcoin’s supremacy.
Bitcoin’s journey has been a very tumultuous one, with an up-and-down price movement that has caused media frenzies for years.
Experts have been hard at work trying to predict the fate of the premier digital currency – governments and a host of private actors have discredited the idea of a Bitcoin-led future. Looking back, in the year 2017, a number of notable organizations began taking the cryptocurrency seriously. The media became awash with reports of retail investors who had opted to bet top dollar on the virtual coin.
In addition, the rise of initial coin offerings (ICOs) presented fresh opportunities to potential investors that had considered to jump on the bandwagon. All the while, a number of pundits were quoted criticizing Bitcoin as the criminal world’s preferred medium of exchange – they asserted that Bitcoin was going nowhere.
The Global Buy-in
Today, most of the anti-crypto sentiments have been overshadowed in the wake of Bitcoin success, and a rather noticeable wave of adoption. The year 2020 and 2021 have seen an institutional interest in Bitcoin, with quasi-institutional actors seeming to drive much of the events surrounding the world’s first cryptocurrency.
Essentially, high net-worth individuals and ultra-rich families have been seen to convert some of their balance sheet cash into Bitcoin. A good example is the founder of The Robin Hood Foundation Paul Tudor Jones.
An article by Yahoo Finance once captured his thoughts about Bitcoin’s perceived future. While Jones acknowledged that he was not a crypto expert by any means, he voiced his expectation that the virtual coin was on a path to become “substantially higher in 20 years”.
In addition, Jones compared the Bitcoin boom to the internet stocks of the year 1999 when various organizations couldn’t settle on the value of the internet at the time. Then, very few people and organizations had an idea of just how much potential the internet presented for the future – those who jumped on the opportunity have become dominant economic players in the world today.
Nonetheless, even with the corporate buy-in that we’ve been witnessing for some time now, some stakeholders have not come to terms with the fact that Bitcoin’s widespread institutional support is in the offing.
Even though a host of leaders from the largest publicly traded organizations in the world to governments, and central banks have been put on record for fighting Bitcoin, the top tier of global leadership seems to be willing to provide institutional support for Bitcoin.
The Next Big Thing – Institutional Support
Hitherto, a majority of countries that have created crypto-centric legislations have been cornered into doing so, thanks to the status of global trade that is slowly moving away from the overreliance on fiat currencies.
Otherwise, countries like Iran and Venezuela have used cryptocurrencies to circumvent the economic restrictions associated with U.S. sanctions. In addition, some regimes have been experimenting with the idea of economic decentralization in an effort to test the crypto waters.
The possibility that more localities will begin Bitcoin adoption is very high even as some legislators have been seen ton accept contributions in cryptocurrency even without the explicit nod from the central bankers.
Already, a number of U.S. municipalities are beginning to consider the possibility of converting entire city treasuries into Bitcoin. The most notable example is that of Miami mayor Francis Suarez whose pro-Bitcoin views were made very public – his city is currently figuring out the modalities of making direct Bitcoin purchases.
Moving forward, U.S. local governments and a few federal actors will most likely set the pace for cities across the world to adopt the Bitcoin cryptocurrency – such a move will transcend all political levels to uphold Bitcoin’s supremacy.
