The cryptocurrency industry started with the launch of Bitcoin in 2009 and then flourished in the following years with various assets and blockchain-based solutions. According to Stephen Stonberg, CEO of Bittrex Global, this is no longer in its infancy.
“I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding:
“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.
We all knew that this is where it is headed to. Microstrategy has been one of the biggest names to invest in Bitcoin, and more are still coming, I know that for sure. Even around last week there was another big institution that also invested their money in bitcoin, but I can’t remember the name of that company.
As the times goes on we are going to see more and more of them coming. For individuals that wants to invest, now is going to be the right time to start investing, because these institutions are buying in bulks, if you don’t buy your own now, in years to come the price of bitcoin is going to be really high.