Bitcoin’s popularity is on the rise and it has been like this especially since 2020. This was a year when the whole world entered a global crisis and we’re still struggling to get out of it.
But Bitcoin’s popularity exploded and people started seeing the king coin as a safe haven asset.
The mainstream adoption for Bitcoin is going great and there are various important achievements that are making things great.
More and more nations are seeing the king coin’s importance these days. Check out the latest reports.
#Bitcoin is “an asset class that we cannot ignore anymore”
CEO, Philippines Stock Exchange
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) July 11, 2021
Someone commented: “The way Dips are being bought on #BTC and Alts gives confidence that we are in uptrend on Daily Sellers jump for 30k target on every $500-700 dip.”
One other follwoer said: “Most people savings are in a 60/40( bonds/stocks) portfolio. That means that 60% of their entire life savings are in one currency. Do the math how much you loose to inflation in 40 yrs and tell me you are fine with that. Fiat is a scam.”
Bitcoin is hope for Paraguay
MicroStrategy’s Michael Saylor continues to boost Bitcoin like there’s no tomorrow. Check out his latest tweet that has a lot of followers excited.
— Michael Saylor (@michael_saylor) July 9, 2021
A follower said: “Paraguay law means bitcoin will have equal footing with the dollar, which became its official currency 20 years ago. Grinning face Making bitcoin “legal tender” means shops and businesses must accept it for goods and services, and they can choose to express prices in the currency.”
Regarding Bitcoin’s price today, at the moment of writing this article, Bitcoin is trading in the red and the king coin is priced at $33,746.46.