A short 4-month journey that skyrocketed BITCOIN a little closer to mainstream.

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From the beginning of 2021 till now, BTC has seen a markup of around 67% at the peak. You may have enjoyed the profits, but I am sorry for how things are looking at the moment.
As of 2020, Bitcoin was still primarily an alternate asset. Technically, and on paper, it is still considered an asset and not a currency in the States as well as most countries. For it to become a currency it will have to begin consolidating and holding a stable-ish value. Due to its considerably unpredictable behavior, changing the asset class has always been a challenge.

As of 2021, Bitcoin has been seeing a bigger wave pushing it towards the shores of the mainstream. The digital asset first saw the light of $50,000 after the open investment and adoption by the electric car company TESLA. It also opened the world of investors and fortune500 companies to look into this digital asset with a more serious demeanor.

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Let's look at the few events that lead bitcoin a little closer to mainstream. This includes banks, companies, big investors and so on:

  1. In December of 2020, Ruffer releases its bet worth 550 million pounds on bitcoin. The news quickly caught on with other funds and companies due to the size of the bet and the reputation Ruffer has in the business. Source

  2. Later on, the tycoon JP Morgan speculates that bitcoin could go to $146000 and compete against gold. Any single statement from JP Morgan always gets the gears going. Bitcoin was in the limelight. Source

  3. The major news: Elon Musk reveals that TESLA had bought $1.5 billion worth of BTC through a tweet. This shoots up BTC to over $50,000.

  4. MasterCard reveals that it has plans to adopt digital assets and will become a part of its payment services.

  5. TESLA reveals that customers could make purchases with BITCOIN.

  6. Miami city reveals that it is looking into making Bitcoin a method of payment for fees and taxes. The tweet is still out there on twitter.

  7. Paypal adopts crypto and allows users to make transactions and payments.

  8. Number of Bitcoin & Ethereum wallets and NFT projects have significantly increased. Read more here

It is important to track the general adoption rate of crypto and crypto-related projects to fully appreciate the peaks and shallows of bitcoin's journey. I have mentioned only 8 of many events that took place in the last few months that have significantly made the journey of BTC from a shady brass knuckle-wearing Chad to a double breast, silk-lined suit-wearing Chadison.


My question remains: will the CGT have an effect on BTC hitting mainstream officially or will it all implode?

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Last few months have been very crucial as we have seen a big wave of adoption and people's starting to trust in BTC and other crypto currencies.
Tweets and announcements by these big names and companies had made the positive environment for BC and other crypto currencies to grow more.
Definitely a move in right direction as we surely need decentralized system where everyone have equal share and opportunity in wealth creation.

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