2021 ATH is contributing to the high earnings of BTC investors
Bitcoin is on an unshakable journey to dethrone some of the world’s largest financial and technology companies. The main asset recently reached $ 1 trillion in value and simultaneously knocked down companies like PayPal, Mastercard, etc. Bitcoin investors have now started to withdraw more than investors who hid their money in traditional companies.
Bitcoiner Anthony Pompliano noted that Bitcoin generated a return on investment that is worth $ 712,500 more than when it made its first venture. That’s more than $ 692,500 what the US transport giant Uber has generated for its investors in profits.
In the past 10 years, it is mind-boggling to see Bitcoin, the new technology that defeats traditional companies.
Bitcoin’s performance over the next ten years would be unimaginably optimistic. It is interesting to see that these companies are also creating spaces for their users to access Bitcoin through payments.
Bitcoin beating traditional fintechs
Bitcoin will continue to maintain its leading asset status in both cryptocurrencies and the traditional financial space if more companies integrate the asset into their business structure.
There is a possibility that this is already underway, as there are rumors that Coinbase secured some of these companies as customers interested in buying the asset. In addition to the commendable ROI that Bitcoin is generating for investors, cryptocurrency companies must also outperform traditional companies in revenue and profit.
“Many Bitcoin and cryptocurrency companies will overtake the ratings of legacy financial institutions in the next 24 months. You’re about to watch the Wall Street titans fall apart at the hands of technologists who create decentralized open source software, ” Pomp claims.
Fighting the government to stay afloat
It is important to note that while these companies have the potential to outperform existing fintechs, there are several obstacles that can impede the growth of these cryptocurrency companies.
For developing countries like Nigeria and India, whose governments have been strict with cryptocurrency, creating strategies and creating a different path for companies to stay afloat would be crucial to their sustainability in the years to come.