The mass adoption of Bitcoin and digital assets has been one of the main goals that the crypto space has set. There have been a lot of moves that took things on the right path and these seem to continue.
The momentum is still here and the mass adoption of BTC is boosted by the big players in the game.
Tesla, MicroStrategy and more are supporting BTC adoption and they are definitely boosting the king coin’s price as well.
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $64,649.92.
MicroStrategy’s board of directors is paid in BTC
Now, the latest news will boost the adoption of BTC even more. Check it out below.
— unfolded. (@cryptounfolded) April 12, 2021
Earlier today, we addressed three main reasons for which BTC can still grow – a lot.
There have been various BTC price predictions lately, and most of them are extremely bullish. It’s been just revealed that crypto influencer Coin Bureau offers three main reasons for which BTC still has plenty of room to grow for the current position.
He addressed the institutional investors who are fueling BTC adoption and price rise. He also talked about a reduction in BTC’s volatility which would act as another price catalyst. Less volatility means fewer risks.
“That’s perhaps one of the most important things to take from this is, is the fact that there has been a large reduction in the risk of holding Bitcoin, both from a historical and forward-looking perspective. So the market feels ripe for more institutional adoption.”
And last, but not least, the third factor that he mentioned is BTC’s decoupling from other asset classes such as equities and gold.
Stay tuned for more BTC-related news and keep your eyes peeled on the market.