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We will see in the near future many big companies and even governments will accept bitcoin and other crypto currencies as their payment methods because it is not owned by anyone.Gunnercooke, a law practice in the United Kingdom, has publicly declared its support for bitcoin by taking cryptocurrency as payment for its services. Cryptocurrency is now accepted as a form of payment by the firm, according to a spokeswoman for the company.
If a very big conglomerate accept cryptocurrency, it is going to cause a significant spike in the price of the adopted cryptocurrency . You could remember when a rumour broke out that Walmart would be accepting cryptocurrency, then the price of cryptocurrency spiked very quickly.It does not matter what company or individual start accepting crypto, what actually matters is whether central banks approve a crypto transaction or not.
True indeed, but that kind of price hike will benefit only big investors and small investors will ultimately lose money. In many countries, central banks are blocking crypto transactions. This needs to be addressed.If a very big conglomerate accept cryptocurrency, it is going to cause a significant spike in the price of the adopted cryptocurrency . You could remember when a rumour broke out that Walmart would be accepting cryptocurrency, then the price of cryptocurrency spiked very quickly.
I don't seem to understand your point because if the price of cryptocurrency increases, everyone who is holding it would benefit from the spike.True indeed, but that kind of price hike will benefit only big investors and small investors will ultimately lose money. In many countries, central banks are blocking crypto transactions. This needs to be addressed.
I was trying to refer to the fake news you mentioned regarding Walmart accepting crypto payments.I don't seem to understand your point because if the price of cryptocurrency increases, everyone who is holding it would benefit from the spike.
There are some institutional whales that would cause an uproar in the price of cryptocurrency if they make publications to utilise it on their Platforms.If a very big conglomerate accept cryptocurrency, it is going to cause a significant spike in the price of the adopted cryptocurrency . You could remember when a rumour broke out that Walmart would be accepting cryptocurrency, then the price of cryptocurrency spiked very quickly.
I think this is a big win for cryptocurrency and it will be good if other firms accept cryptocurrencyGunnercooke, a law practice in the United Kingdom, has publicly declared its support for bitcoin by taking cryptocurrency as payment for its services. Cryptocurrency is now accepted as a form of payment by the firm, according to a spokeswoman for the company.