Signs of mass adoption of Bitcoin
The creator of Bitcoin, Satoshi Nakamoto, intended Bitcoin to be used as a viable alternative to traditional or fiat currencies and ultimately to replace them in the future. But due to the high popularity of Bitcoin, we notice a lot of companies and institutional investors are backing Bitcoin and other cryptocurrencies. Here we explore some of the signs of mass adoption of Bitcoin.
Implementation of Blockchain Technology
Blockchain technology is always linked to Bitcoin, and it offers a lot of advantages for businesses that are looking to enhance transparency to their business operations, save costs, improve efficiency and overall provide quality services to the consumers.
Some of the advantages it offers are low transaction fees, anonymity, complete transparency, real-time tracking of data on the network, and a highly secure blockchain network. That being said, it is still not widely used technology, but IBM, for example, has partnered with companies like Walmart and Abu Dhabi National Oil Company to improve the traceability of the products in the supply chain. For example, you can trace the product from the manufacturing process to the sale in the stores.
Otherwise, it’s also used across other sectors like healthcare, for example. It will be very useful when it comes to the transfer of patient medical records, and it improves transparency, decreases the chances of errors, as you can clearly see any all changes on the records. In addition, it can also be used for online shopping sites that want to improve the tracking of the orders and improve efficiency in the supply chain.
Online Trading Explodes
Another sign that there is mass adoption of cryptocurrencies is that there are a lot of investors looking to get BTC on online exchange sites, and also, the number of exchange sites is growing exponentially. One online trading side that has great options for its users is British Bitcoin Profit.
For beginners, they offer a comprehensive trading guide, and they also use a subset of AI technology – Natural Language Processing. If you want to register, you need to visit the British Bitcoin Profit official website and deposit at least $250.
You will also have a chance to learn more about trading because there is a demo trading platform, which allows you to familiarize yourself with trading here before you go live. Otherwise, you can earn a daily profit of up to $750, with a minimal investment.
Companies Accept BTC Payments
There are more than 15,000 companies worldwide that support Bitcoin, and they operate offline and online. You will recognize some prominent brands like Microsoft, Subway, Burger King, Twitch, Shopify, OkCupid, and many others. This means that a lot of people that want to use their BTC in the real world can choose from an increasing number of companies.
Also, in a lot of countries, you will notice that there are many small business owners that operate offline, accept Bitcoin as payment. On the other hand, there are actually many non-profit organizations that are ready to accept BTC donations like Wikipedia, The Leukemia and Lymphoma Society, Action for Solidarity, UNICEF, and many others.
Institutional Investors
Furthermore, there are many institutional investors that are managing crypto funds. For example, there are renowned names like Galaxy Digital Holdings, Pantera Capital, Grayscale’s Bitcoin Trust, Sarson Funds, and many others.
So, all in all, there is the growing popularity of Bitcoin and other cryptocurrencies, which means that a lot of organizations and individual investors want to invest in BTC. So, the last barrier to mass adoption of cryptocurrencies and Bitcoin as well are government regulations of cryptocurrencies.
