Post
Topic
Board Economics
Re: Where is the value reflected?
by
Darker45
on 11/08/2021, 04:32:07 UTC
Germany allows certain institutional funds to invest in cryptocurrencies...

German luxury Philipp Plein accepts cryptocurrency payments.

It feels good that the adoption of Bitcoin is rising. And it feels even better that the growth is seen in the different treatments of Bitcoin. It is exciting to see some kind of balance. Here we have Bitcoin's growing adoption both as an emerging asset and as a currency or a mode of payment, both as something you can invest on and as something you can pay with.

Others may not appreciate it that much, but I guess it is enough to start with that a certain brand is accepting crypto payment. Whether crypto payments would be instantly converted into fiat, or prices are still fiat-denominated, or their books would still reflect everything in fiat, and so on, I guess it is still adoption and it is worth appreciating that a brand acknowledges crypto as an alternative form of payment. Way to go.