The cryptocurrency market hasn’t had an easy time since the start of the year. Bitcoin and Co. are currently undergoing a severe correction. While some small investors seem disappointed with their portfolios, it appears that large investors continue to dig deep into the cryptocurrency pot.
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Bitcoin whales are stocking up
The mother of all cryptocurrency is trading at around $ 24,182 at press time, down more than 12% from the day. So it should come as no surprise that some private investors panic – by the way, here are some tips on how to best get through such a turbulent phase.
However: data from the cryptographic analysis company Glass knot show that the number of Bitcoin addresses with at least 10,000 BTC continues to increase. For some large investors, the strong southerly trend could mean they can secure coins at a bargain price.
Payment methods of the future?
In addition to the use case of Bitcoin as an investment product, cryptocurrency naturally has other applications as well. After the Central American country of El Salvador shifted to BTC as legal tender, the industry followed suit on a small scale.
At the latest with the Shopify integration of the Bitcoin payment app To hit opened the door for millions of merchants who can now accept payments through the Lightning Network through their online store.
And those who are not yet accepting cryptocurrency payments will most likely think about doing so soon. At least that’s the conclusion of a consulting firm report Deloitte.
According to this, nearly 75% of retailers surveyed expect to accept cryptocurrency payments within the next two years. Nearly half (47%) said enabling Bitcoin and Co. payments was a “very high priority” for them.
The survey was conducted by Deloitte between 3 and 16 December 2021 among 2,000 senior executives from the retail sector.
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