Sentences with phrase «adoption as a store of value»

Bitcoin adoption as a store of value and as a payment method is on the rise.

Not exact matches

A utopian case for Bitcoin and cryptocurrencies in general, if one even exists, is still struggling to articulate itself as merchant adoption hasn't caught on nearly a decade after the first block of Bitcoin transaction data was generated, and prices continue to fluctuate too wildly for it to be considered a store of value.

As suggested by Forbes, the first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchangAs suggested by Forbes, the first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchangas a conventional currency — meaning as both a store of value and medium of exchangas both a store of value and medium of exchange.

And as it inches closer to mainstream adoption, the more radical and sometimes illegal uses (such as gambling and ransomware payments) will likely give way market share to uses that have broad appeal (such as machine payments and store of value).

Although coins such as bitcoin have struggled to achieve mainstream adoption as money, they have succeeded as stores of value.

Lee also sees Bitcoin rising to $ 25,000 by 2022 and his bullish view on the currency is «premised on expanded acceptance of digital currencies (as payment platforms), and ultimately broader adoption as a «store of value» (digital currencies have a lot of characteristics that make gold attractive).»

But, critics are not confident that bitcoin will fall in value, because of the growing liquidity of the cryptocurrency, exponentially increasing adoption of bitcoin, and the global market's acknowledgment of bitcoin as a premier store of value, medium of exchange, and digital currency.

Given that the adoption of Bitcoin as a store of value and a medium of exchange within the global finance market is increasing exponentially, $ 60,000 remains as a viable mid-term price target.

The adoption of bitcoin as a store of value and as a payment method is increasing at a rapid rate.