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Dan Ives (Wedbush Securities): Bitcoin mania is no fad! –

Dan Ives, managing director of Wedbush Securities, believes that we are facing extensive Bitcoin adoption. As he added, this process “It’s not a whim.”

Dan Ives: We are facing extensive BTC adoption

Managing Director Dan Ives informed Wednesday of its clients that the corporate adoption of Bitcoin is just the beginning of something bigger than we see today. The whole process is to be more than just speculation.

I believe the history and theme of this is much broader than just investing in Bitcoin and predicting its future price. Rather, it is about the potential significance of what cryptocurrencies, blockchain and Bitcoin can change in the world of technology and corporation over the next decade. – reported in a note received by CNBC.

This is not fashion!

He also explained why the so-called Bitcoin mania is not a fashion statement.

From PayPal and Square to Nvidia, Tesla, IBM, Visa, Mastercard and many other companies across industries, we believe the trend in transactions, bitcoin investments, and blockchain-driven initiatives may increase in the coming years. In our opinion, mania is not a fashion, but rather the beginning of a new era – added.

Wedbush Securities has been interested in Bitcoin since at least 2014. A well-known company report touted Bitcoin as a potential disruptor to the existing financial infrastructure, which should lead to an increase in its value over time.

While Bitcoin has earned a reputation as an extremely volatile asset, its price fluctuations seem to have declined when we compare what is happening now on the chart with what we saw during the previous bull market in 2017. Cointelegraph portalBitcoin’s 60-day volatility is significantly lower today than it was when the cryptocurrency peaked around $ 20,000 in December 2017.

Current Bitcoin rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, 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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