Let’s face it – there are more and more skeptics coming out of nowhere in 2018. The current market volatility and uncertainty that surrounds cryptocurrencies and Bitcoin is lasting for 5 months so far, after the crash which made Bitcoin drop from nearly $20,000 to less than $6,000.
However, things are looking positive after the bottom-low in 2018, especially after the adoption and the mass promotion of Bitcoin ever since its inception. The truth is, BTC has experienced significant adoption from the mainstream financial institutions such as NASDAQ and others.
Currently, there are two main reasons why Bitcoin is here to stay.
Reason #1 – It is spearheading the fintech revolution
First of all, Bitcoin is at the forefront of a new revolution – the fintech one. Recently, the Square app has outperformed many other alternatives, all thanks to its support for Bitcoin transactions. The app has been growing rapidly.
Reason #2 – Bitcoin products are more and more popular
From cryptocurrency exchanges to other products, Bitcoin has attracted a number of institutional investors in the market. Some of them are Goldman Sachs and Coinbase, which are a proof that the number of institutional investors can be increased easily thanks to Bitcoin.
In the end, even though there are many skeptics about Bitcoin, we need to be clear that the developments in the crypto world are more and more present – and here to stay.
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