Mastercard, one of the biggest payment giants, will give the ability for merchants to use cryptocurrency this year.
Buying, selling, exchanging cryptocurrency on Mastercards system. This is absolutely huge news for cryptocurrency and Bitcoin. One of the most trusted and used companies in the world will integrate the new digital currencies into its systems. To put everything into perspective, Mastercard has nearly 1 billion credit card users. This is monumental. And it is simply a matter of time until they announce firstly a Bitcoin investment. Because why would a company hold USD and lose 15% from asset inflation. And then they will announce the full support for Bitcoin. Because they will now have a financial incentive for the price to appreciate. The second-biggest cryptocurrency catalyst I can think of since Tesla Investing $1.5 Billion into Bitcoin.
The pandora box has been opened.
The 8th biggest company by market cap has invested $1.5 billion dollars in Bitcoin. Now the second-biggest payments provider in the world will give 1 billion users the ability to buy and use cryptocurrencies. 1/7th of all the people in the world. And huge legacy payment providers like Mastercard and recently Visa are saying “If you can’t beat them, join them”. And the one true king of cryptocurrency is without doubt Bitcoin. Soon not working with or accepting Bitcoin will be the same as not accepting USD. Completely unthinkable.
And keep in mind that there are 3.5 billion smartphones in the world. All of them can hold, send and spend Bitcoin. So there is much more room to grow.
Adoption is accelerating.
Michael Saylor, the CEO of Microstrategy held an event with 1500 top corporate ceo’s, cfo’s, cio’s and gave all of them the ability to buy billions of dollars of Bitcoin. Without anyone knowing or without moving the market 1%. Microstrategy spent 4 weeks researching how would a company convert a part of its balance sheet into Bitcoin. And now they are giving away their secrets to every rich company in America and the world. Visa, Mastercard, PayPal, Square were all at the Bitcoin conference. We are about to witness corporate FOMO.
Bitcoin’s halving performance teaches us what might be the future.
#Bitcoin after the Halving
Feb. 10, 2021
274 days after the 3rd halving.#BTC at $45,068.
Catching up with the average growth trajectory would be nice.
But even the “slow” trajectory of 2nd halving puts us above $100k before the end of the year.
See for yourself 👇 pic.twitter.com/kmrrlg8N1T
— ecoinometrics (@ecoinometrics) February 10, 2021
Judging by previous performance after a halving event we can predict that Bitcoin might reach nearly $400,000 this year. Then it will consolidate lower at $280,000. And I don’t see why this will not happen. If the price of Bitcoin goes up, every cryptocurrency will follow as well.
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