Jan 23•3 min read
Bitcoin Adoption To Gain Steam in 2023?
Will Bitcoin Adoption Gain Ground This Year?
It’s been a while since I posted; I apologize for the absence. I had a family emergency that I had to attend to.
Man, how time flies, though. Am I right? Bitcoin hitting 23k is a big deal, my friends. Is a bull market just around the corner? It sure does seem that way. Over the last month, Bitcoin has been up a whopping 35 percent! How many stocks can do that? Not many, I’m sure. I feel awful for the people waiting for Bitcoin to dip below 12k.
If you have been following Bitcoin for a while, you understand how resilient this thing is and is never down for too long. Bitcoin is here to stay and will hit all-time highs as we get near halving. What a time to be alive and witness the birth of a new monetary system before our eyes.
Slowly but surely, Bitcoin will become the world’s reserve currency. Countries worldwide are starting to wake up to how powerful Bitcoin and cryptocurrency is in general, can be. Here are a few trends taking place around the globe.
Bitcoin Adoption Is Trending In The Right Direction
Brazil Legalizes Crypto Payments
Fiji Could Be Fantastic for Bitcoin Adoption
Tonga’s timeline for Bitcoin as legal tender and BTC mining with volcanoes
Mcdonald’s and other businesses accept Bitcoin payments in Lugano, Switzerland
The Madeira Bitcoin adoption experiment takes flight
Central African Republic Forms Committee to Draft Crypto Bill
Not to be outdone, Bitcoin adoption and Bitcoin mining are increasing in the United States.
Colorado Residents Can Now Use Crypto to Pay Taxes
Mississippi could soon join the ranks of states mining Bitcoin
MISSISSIPPI, MISSOURI LAWMAKERS INTRODUCE BILLS TO PROTECT THE RIGHTS TO MINE BITCOIN AND RUN A NODE
You might not see the trend if you look at these individual stories separately. When you put the pieces together, Bitcoin adoption is coming along nicely and is poised for more growth in 2023 and beyond!
With all of this adoption happening in the midst of all the mayhem over the last year, it is impossible not to be bullish about Bitcoin and its future adoption. Keep a look out for more major announcements from nation-states as the game theory begins to play out in earnest in 2023.
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