Re:MasterCard to open up network to cryptocurrencies
by 3np on Thursday February 11, 2021 @11:54AM
(#26103891)
I'm not so sure.
A move like this can increase the confidence that the Bitcoin price won't go down in the long-term - that is, someone do wants to spend their bitcoin in the future, and signals of greater market confidence increase the perceived likelihood of that.
The more I believe bitcoin is here to stay, the more comfortable I feel allocating savings in it.
This time is also a bit different; 2017 was almost entirely retail, this time it's a lot more businesses and institutions driving the BTC market.
A move like this can increase the confidence that the Bitcoin price won't go down in the long-term - that is, someone do wants to spend their bitcoin in the future, and signals of greater market confidence increase the perceived likelihood of that.
The more I believe bitcoin is here to stay, the more comfortable I feel allocating savings in it.
This time is also a bit different; 2017 was almost entirely retail, this time it's a lot more businesses and institutions driving the BTC market.