What is Bitcoin’s Acceptance in 2021 and Its Potential
For those that follow cryptocurrency, it would come as no surprise that Bitcoin has become one of the most exciting investment opportunities over the past couple of years.
The value of Bitcoin, along with other variations of cryptocurrency, have risen significantly in value over the past couple of years, and it has been a wild ride for those that saw the early signs that it could take off. However, what is its acceptance in 2021, and how could it still grow in the future?
The Rise Of Bitcoin
As we mentioned, it has been a wild ride for anyone involved in cryptocurrencies over the past year or so. Bitcoin was worth less than $4,000 in the United States back in March 2020, before its trade price rocketed to over $23,000 later in the same year. For those that follow it, there was a sense that the future of payment was right in front of our very eyes.
There was no shortage of success stories over the meteoric rise over those months, with numerous people becoming millionaires off the back of their sales. That success has become even more evident in 2021, with an acceptance of the currency in mainstream society. But, what companies have begun to accept Bitcoin?
Acceptance of Bitcoin
The list of companies that are now accepting Bitcoin as a payment method is growing by the month. Huge companies such as PayPal and Microsoft were among the first big names to accept the method of payment, with PayPal later also offering the option for their customers to invest in cryptocurrencies on their platform. The numbers have only continued to grow, as mainstream attention peaked with the cryptocurrency, with the huge coffee chain Starbucks also revealing in 2020 that they would be accepting the currency for orders made at the café on the dedicated app.
Etsy is another site that has enabled Bitcoin to flourish, as many of the sellers on the site now accept the currency. Meanwhile, there have been a growing number of online bookmakers and casinos that accept the method, which has led to an increased number of gamblers searching for the best online casinos accepting Bitcoin.
What Could Happen in The Future?
The future remains very bright for Bitcoin, despite the currency hitting its all-time high price in 2021. Mainstream attention has peaked throughout the year, with celebrity long-term investors such as Elon Musk, consistently backing the currency to excel. However, what could come next for Bitcoin? In truth, that is anybody’s guess, as it could be offered by leading banks around the world.
However, more likely, there will be a regulator established to ensure that investors can safely buy into the various cryptocurrencies that are available online. Both of these factors will have a huge impact on what the future of Bitcoin may look like, but those that have invested their time and effort into studying the various aspects will likely see a number of huge companies coming forward to accept the method as we enter 2022.