Tyler Winklevoss just addressed a pretty interesting issue in the crypto space – the mass adoption of Bitcoin.
This and the mainstream adoption of digital assets, in general, has been one of the main goals of the crypto space and a lot of moves have been made in this direction.
Check out Winklevoss’ take on the issue below.
There are over 40,000 publicly-traded companies in the world. Only 32 of them have #bitcoin on their balance sheet. It’s still quite early.
— Tyler Winklevoss (@tyler) April 12, 2021
Someone said: “Companies that will adopt and store #bitcoin in earlier stages of mainstream acceptance (which is now) will be the wealthiest and most powerful entities of the current century. The rule of thumb: ONLY buy stocks of companies with Bitcoin on balance sheet.”
Another commenter hopped in the comments and posted: “And if each company owned 1 BTC, the total holdings would account for about .03% of current total available #bitcoin. (~18m – ~4-5m permanently lost).”
At the moment of writing this article, BTC is trading in the green and the coin is priced at $62,713.45.
Bitcoin’s race reportedly fueled by Coinbase IPO
DailyFX online publication notes that the impending IPO of the crypto exchange Coinbase will definitely offer boosted validation to the digital asset space.
“The 9-year old company has been valued at about $100 billion, which is more than the combined value of the New York Stock Exchange and Nasdaq Stock Market,” the online publication notes.
They continue and report that “This move into the public sphere by one of the world’s most prominent crypto exchanges could ignite further gains for Bitcoin in the near term, and pave the way for the anti-fiat asset to climb to fresh record highs.”
The massively bullish BTC predictions continue to pour into the crypto space. Stay tuned for more news and check the market!