We often hear fintech companies investing in bitcoin and we find it good news. But now we are seeing all kinds of businesses get into bitcoin as well. If this continues all across the world, they may even accept bitcoin for payment. This could be the key to mass adoption of bitcoin. Which businesses do you think could be the next to invest in bitcoin?
The real use cases of bitcoin as a means of payment are increasing everywhere over time. Countries that have bitcoin-friendly regulations certainly allow entrepreneurs to adopt it as a means of payment, but this will not be possible in countries that do not allow bitcoin as a means of payment. I believe that the adoption of bitcoin as a means of payment will never decrease, in fact it will increase, but the real challenge is when bitcoin has entered a different season.
Increased adoption sounds great in a bull season, but it may be a bit different when bitcoin enters a bear season. Some entrepreneurs adopt bitcoin while accumulating their bitcoin and not selling them as soon as possible, they hold and accumulate more, but they are entrepreneurs who have a financial safety net. This does not apply to small business owners whose main capital is always rotating every day. If they choose to survive without selling their bitcoins, then they do not have other capital to cover the operational costs needed.