An analyst at Fidelity feels that Bitcoin has reached a tipping point now. It is on its way to acceptance among the institutions.
In this video I discuss how this is one corner to get around. There is another one. It is the numbers. Institutions bring in money. However, the Network Effect comes from people. Imagine the market cap if there were 2 billion people using digital assets through social media activity, artwork, and gaming.
Here is the article mentioned in the video.
▶️ 3Speak
2020 and 2021 (is going to) are very important years regarding adoption.
The more institutions are in, the safer „regular“ people will feel about crypto.
Things are getting interesting.
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Stacking over the next 5 or 10 years regardless of whether it is Bitcoin or Hive is going to be so important. This is not monopoly money like many still think it is, but real currency except digital. I can see this exploding like never before as at some stage panic will set in when the majority who are not in yet realise what the rest of us have.
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I think games will definitely be part of the future and I think its definitely a way for everyone involved to make money. All you need is a few hundred thousand people and I really hope the universal NFTs become something real.
I really wish there was something like RPlanet on WAX where you stake NFTs and generate free crypto every hour. But I understand that it is not as easy as it seems. But its the idea that makes the most difference and it creates a sink for people to collect more of them even if they never use it.
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There's no tipping point just yet. It's a different approach. Strategies are changing as big investors become sharks on the crypto market.
Thank you so much for the insight. Upvoted and reblogged.
We can add misinformation to the word inflection, since everyone who enters the crypto environment believes that they will become a millionaire from today to tomorrow and it is a critical point, one of the solutions would be to be able to systematically and correctly educate those who are coming. !
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I'm still very curious to see if companies will be as willing to keep their bitcoin during the bear market as they are now eager to buy it
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This was extremely important and I agree 1000%: get mass adoption first, then institutions, not viceversa!
But are we still in the position to do that or did we miss that train because we were so happy when institutions started to throw us some bones?
It's gonna be a lot harder anyway. Because now institutions have put their foot in the door and will likely come in and start getting whatever they can before this spreads.
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I actually just got off the phone with a wealth manager and they mostly use Fidelity for their crypto holdings.
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