The word "legitimization" refers to the process of making something or someone seem acceptable, legitimate, or valid in the eyes of others. Full definition
Some industry followers believe the fact both CME and CBOE are trading in Bitcoin futures has helped to propel BTC price as it represents a solid sign of growing legitimization of the digital asset class. (crowdfundinsider.com)
Also bearish on bitcoin was Stephen Roach, a Yale University economist who told CNBC's «The Rundown» that exchange legitimization makes bitcoin «somewhat dangerous [for investors],» citing a «lack of intrinsic underlying economic value to the concept.» (bitcoinmagazine.com)
Mobile - based democratization of mining activity would simultaneously drive down mining costs dramatically by distributing mining activities across a widening array of mobile phones globally, and increase cryptocurrency legitimization given the huge swaths of people previously disengaged from mining whose activity would produce entirely new value for more cryptocurrencies, increasing investment into cryptocurrency as a whole. (bitcoinist.com)