If you freaks think BlackRock and other titans of Wall Street getting into bitcoin is bullish for the price, just wait until a string of nation states declare that they deem bitcoin is a valuable asset to hold on their balance sheets.
In 2010, $100,000 could theoretically purchase 24.39 million bitcoins, despite only approximately 2.9 million bitcoins being issued at that time, and well before the total cap of 21 million bitcoins is reached, projected to occur around 2140.
Why every business will decide to receive bitcoin payments. Someone-is-going-next logic. If not you, then who.
Jonathan Kirkwood is a cofounder and managing member of Ten31, a venture capital firm that exclusively invests in the bitcoin ecosystem.
The global payments industry is a $156 Trillion behemoth that facilitates B2B, B2C and C2C economic activity that bitcoin is attempting to consume.
When the price drops many people let their emotions get the best of them and become blinded to the fundamentals that have been building for thirteen years and are accelerating today.
Shoutout to Block Inc. for putting together this research and sharing it with the public.
Increased awareness and tooling is a great way to start the week.
