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Bitcoin catches the attention of giants

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Bitcoin (BTC) has exerted an increase of almost 13% on Sunday (25), reflecting an excellent week for crypto.

In case something relevant has been missed, check out the summary of the last few days for Bitcoin and the cryptocurrency market. To learn more about each event, be sure to click the links below and read the full stories.

  • On Wednesday, we learned that SpaceX is investing in bitcoin just like Tesla. Elon Musk revealed this at The B Word conference, where he debated with Jack Dorsey and Cathie Wood. He also revealed his investment portfolio which is reduced to his participation in his companies, Tesla, SpaceX, Neuralink and The Boring Company, and also has bitcoin and some ethereum and dogecoin.
  • Twitter will integrate Bitcoin; In a conference with investors on social media, CEO Jack Dorsey explained how cryptocurrency would be important to the future of the company. Twitter can develop new products like paid subscriptions, e-commerce, super-tracks, tips, and all of this with one global currency, without having to worry about a different implementation for each fiat currency in the world.
  • The Amazon wants to accept cryptocurrencies; Yes, the giant Amazon is opening a place for a product leader who has a deep understanding of blockchain and cryptocurrencies. For Insider magazine, an Amazon spokesperson confirmed that the company intended to accept cryptocurrencies from customers on Amazon's websites. However, it is not yet clear if the interest is in Bitcoin, altcoins, central bank digital currencies or if they will create their own token.

Recent research results show a paradigm shift

This week also brought us a lot of pertinent data on investor sentiment towards Bitcoin. Here are key insights from the latest Goldman Sachs, Fidelity, and Gallup studies.

  • 1 in 10 adults in the United States owns bitcoins; In 2018, only 3% of American investors aged 18-49 had BTC in their portfolio, now there is 13%.
  • For investors over the age of 50, this number is only 3 in 100. But this already shows an advance since it was only 1% in 2018.
  • The percentage of investors who generally call Bitcoin "too risky" has fallen from 75% in 2018 to 60% today.
  • 70% of institutional investors have shown interest in buying cryptocurrencies at some point in the future.
  • 90% of institutional investors who have shown interest in digital assets expect their companies or clients' portfolios to include direct investments in cryptocurrencies, exposure through shares or other products during the next 5 years.
  • More than half of family offices want Bitcoin, as 15% of them are already investing and another 45% would be interested in diving into the space as a hedge against "higher inflation, prolonged low (interest) rates and other macroeconomic developments after a year of unprecedented global fiscal and monetary stimulus ”.

Not surprisingly, the major cryptocurrencies on the market have risen this week; If you want to be aware of the latest news and updates on the cryptocurrency market, visit ForexNews.online.com and you will be ahead of everyone.

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