“Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries. We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.”
Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.
I do not quite agree that many countries are looking to adopt Bitcoin, I know this countries are well aware of the benefits and advantages of Bitcoin, but unfortunately they are not going to adopt the technology, because it's decentralized and they cannot control it, and many of them already have plans in motion to launch their CBDC, and they gave this erroneous conception that for their CBDC's to thrive then they have to attack the progress of Bitcoin in their country.
As a result of the pandemic, Bitcoin became more popular amongst institutional investors who are looking for assets that can be a hedge to fiat currencies that are currently struggling with inflation and devaluation, but that doesn't make Bitcoin an asset that has attained mainstream adoption, I honestly believe it will, but it still has quite a long way to go before mainstream adoption becomes a reality.