The mainstream adoption of Bitcoin and crypto has been one of the most important goals that the crypto industry has set.
There have been a lot of moves made in this direction, and they continue.
Institutional investors are a key element in this great goal of mass adoption.
Institutional Bitcoin adoption
Check out the latest relevant post about the issue.
Since that $30k low on 20 July, institutional investors, those holding at least 1k of bitcoin, have increased their holdings by 172k bitcoin and institutional traders have acquired an additional 68k.https://t.co/QFhxKRA5Hm pic.twitter.com/71vLW2v5ka
— unfolded. (@cryptounfolded) October 8, 2021
Other than this, Bitcoin’s price seems to be going straight to new ATHs after being able to surpass the important level of $55k once again.
Anthony Pompliano makes an interesting analogy between Satoshi Nakamoto and BTC miners
Anthony Pompliano posted an interesting thread about Satoshi Nakamoto and the way in which he revolutionized finance.
He is also talking about the Bitcoin miners, and you can check out some of the most exciting things that he had to say below.
Satoshi Nakamoto revolutionized the financial industry by creating Bitcoin in 2008.
Now Bitcoin miners are in the process of revolutionizing another industry – energy.
Here is how they’re doing it 👇 👇 👇
— Pomp 🌪 (@APompliano) October 10, 2021
He also said that “Bitcoin miners are always looking for super cheap energy. Before now, all this wasted gas had a price of $0. Now oil companies earn extra revenue. Miners have ridiculously cheap energy. The planet stays a little cleaner. Everyone wins.”
Regarding the price of Bitcoin, at the moment of writing this article, BTC is trading in the green and the king coin is priced at $56,526.59.
There are all kinds of optimistic predictions about the price of the digital asset after various corrections.
Stay tuned for more news and make sure to keep your eyes peeled on the crypto market.