It's been a long time since I had and used a TV, being proud of about fifteen years of freedom from the tele vision programming. I do have my own daily doses of news that are poured to my feed from all sort of outlets, and although crypto media desks are not far different from mainstream media, they're slightly better. At least they put efforts into overcoming the stigma of mainstream medias.
I often find myself commenting on all sort of tweets regarding news and events happening in the crypto sphere and quite often I feel like some outlets are putting out content just for the sake of being active. The thing I hate the most is the fact that they give too much attention to dinosaurs when it comes to blockchain technology and crypto.
It's wasted time imo to dedicate a pot to what Nouriel Roubini or Petter Schiff's latest comments on Bitcoin, or Christine Lagarde, the European Central Bank’s president. None of them has any clue about what Bitcoin really is, or at least they're faking that really good, and such people don't really bring any value to the environment. Lagarde is clearly paid by the banks so it's obvious it's going to disconsider Bitcoin and play as the moguls are singing.
'Very Unlikely' Central Banks Will Hold Bitcoin, ECB President recently told the press. Of course it's very unlikely because the central banks are working on their own damn CBDCs. Why? Because they wish total control over money, people that use it and anyone involved in the current financial system in any way. Look at what they do, not what they say...
Central banks might not consider holding Bitcoin, but some banks, as I stated a few days ago in a post, will enter crypto. America's Oldest Bank Adopts Cryptocurrencies, Will Treat Bitcoin "As Any Other Asset"
“Digital assets are becoming part of the mainstream” said Roman Regelman, chief executive of BNY Mellon’s asset-servicing and digital businesses and BNY Mellon "plans to enable cryptocurrencies to flow through the same systems that it uses for its traditional currencies and stocks." Look at what they do, not what they say. Central banks won't probably hold Bitcoin, but commercial ones will, because they love making money and Bitcoin is a money making machine and gradually becoming a store of value and the currency of the future.
Meanwhile, on one corner of the world we have India trying to ban crypto once again and Nigeria making it hard for crypto enthusiasts to buy and sell cryptos through Naira, their native currency, by the use of Nigerian commercial banks, and Miami, On The Other Hand, Agrees to Pay Its Employees in Bitcoin. Mayor Francis Suarez of Miami has successfully passed a resolution to make it possible for municipal workers to be paid, entirely or just a small portion of their salary, in Bitcoin.
Moreover Miami residents can pay fees and taxes in Bitcoin which smells like crypto mass adoption for Florida. I know one Leofinance user(@taskmaster4450) who probably appreciates that a lot. New York is not lagging behind either, as Andrew Yang, who currently holds a commanding lead in New York’s mayoral race, plans on getting the big apple in Bitcoin as well. 2021 is the year of Bitcoin and I'm not saying that solely correlated to its explosive price growth, but also in regards of real use cases for Bitcoin in every day life.
You've probably read about Visa getting involved with crypto as well lately, and working on making crypto payments possible via their debit cards directly through their network, but Mastercard Will Support Direct Cryptocurrency Payments on its Network this Year as well. You have two giant payments systems getting their toes wet in the crypto ocean, PayPal putting virtual cryptos in the hand of plebs through an app, and banks gradually joining the crypto dance as well.
“Our change to supporting digital assets directly will allow many more merchants to accept crypto — an ability that’s currently limited by proprietary methods unique to each digital asset. This change will also cut out inefficiencies, letting both consumers and merchants avoid having to convert back and forth between crypto and traditional to make purchases.”
-Raj Dhamodharan, the executive vice president of digital asset and blockchain products and partnerships at Mastercard Inc source
What's the next big thing for Bitcoin?
Uber May Start Accepting Bitcoin for Rides. According to Uber's CEO Dara Khosrowshahi, the ride sharing service will allow its clients cryptocurrency payments, the reasoning for that being the fact that they are already accepting all sort of currency as payments, so why not Bitcoin. Get it? BTC is gradually becoming an asset/store of value and form of payment as well. No Bitcoin balance sheet for Uber, as Tesla has...
"Just like we accept all kinds of local currency we are going to look at cryptocurrency and or Bitcoin in terms of currency to transact. That's good for business, that's good for our riders and our eaters."
-Dara Khosrowshahi, Uber CEO
You see guys, leaning the ear to what some dinosaurs of this world are saying might get some of us into missing a once in a lifetime opportunity: the one of being involved in crypto earlier than the masses. For years and years all sort of so called heavy names in the financial world have been vocal about Bitcoin not having any intrinsic value, nor a future, and in just a few months you got investing funds stacking it, one of the most famous car companies in the word invest in it, two major payment systems working on making crypto payments possible through their networks, banks that are announcing their enter in the crypto world and more and more ways of earning and spending crypto around.
It is no longer a cyber punks and drug dealers currency, nor a Lambo boys asset. Bitcoin and crypto are gradually becoming what they've been designed to be: disruptive technology that will change the financial system as we know it forever. I know, I'm not saying anything new in here, but next time someone asks you about Bitcoin and why should invest in crypto give him/her this post to read, they'll find plenty of reason on why do that. Have a great ride folks...
Nice to be part of this world right now.
Thanks for attention,
Adrian