Bitcoin at a Tipping Point?
2 Mar, 2021 CryptoParrot
The king of cryptocurrency could become the currency of choice for international trading. At least, that is the possibility raised by a report from Citi. According to the company, the recent pivot into crypto that pumped Bitcoin through the roof across the $50k is only the beginning of mainstream acceptance.
Bouncing back from a slump into its latest bull rally, BTC was pushed up after tech companies and investors started jumping into the crypto wagon. After Elon Musk and his Tesla car company, Amazon, and its first steps into integrating crypto into their platform, the latest company to signalize an approach was Google. The search engine juggernaut has recently added crypto options into its Finance platform.
According to Citi, the path for Bitcoin to replace the mighty Dollar is a hard, but possible one. With tech companies paving the way, the next step is the acceptance of major financial institutions. If that will trigger the next phase into crypto acceptance, only time will tell.
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