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October 5, 2022
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Bitcoin

Bitcoin on the front page of the Wall Street Journal –

Bitcoin (BTC), after increasing by 80% in two months, seems to regain media attention. The Wall Street Journal, in its November 23 issue, covered the topic of cryptocurrency adoption among institutional investors. The WSJ article appeared despite Bitcoin’s recently ceased to be featured in the mainstream media.

According to a report, Bitcoin has recently found the support of “Wall Street billionaires” Paul Tudor Jones and Stanley Druckenmiller, as well as other public figures, including the host of sports radio.

In addition to significant investments from Grayscale Investments, WSJ also highlights the growing demand from retail investors who can now access cryptocurrencies through well-known financial services companies.

The report notes that the Bitcoin volume in the Cash App from Square in the third quarter of 2020 was $ 1.6 billion. In the whole of 2019, it was only $ 555 million. The US ItBit exchange also recorded increases, mainly due to the implementation of crypto services from PayPal.

On the same day, PayPal CEO Dan Shulman said in an interview with CBDC that increasing Bitcoin adoption every day will make cryptocurrencies “more and more a currency than an asset class.

“As paper money slowly dissipates and becomes obsolete, central banks, especially on the retail side, will have to replace paper money with fiat digital currency.”

If you are interested in the topic of public companies and institutions investing in cryptocurrencies, we invite you to read our extensive article on this topic. You will find a ranking of the 7 largest public companies in terms of Bitcoin managed – both those that accumulate BTC on behalf of investors as funds and those that treat crypto as reserve assets.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and other cryptocurrencies, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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