More and more company accepting bitcoin as mean of payment.
But why bitcoin still down, anyone can give me some reasonable explaination?
Perhaps because everyone who accepts btc is doing it as a middle man payment and dump directly to fiat.
Lets say you buy a couch from overstock. Overstock takes btc but instantly dumps btc to get usd. So merchants are a double edge sword if all they want BTC for is the news coverage.