Bitcoin's Vast and Rapid Coverage Reaching Over 100,000.

Bitcoin's Vast and Rapid Coverage Reaching Over 100,000.
Bitcoin is driving global growth in new ways, while also preserving the store-of-value qualities that provide inflation protection and make it investable. Bitcoin is only a tiny fraction of the size of the markets it stands to disrupt, which reach well into the trillions of dollars.
Grayscale which looks forward to new investors desiring to place part of their funds in bitcoin revealed this information as part of the "Drop Gold" campaign.
Bitcoin adoption has continued to grow vastly and rapidly. The information revealed that over 100,000 shops and merchants accepting Bitcoin as a means of payment, and this number continues growing.
Anthony Pompliano said that Bitcoin has an asymmetric return profile, that means that there is much more upside than downside in owning this asset. Moreover, the digital currency is a non-correlated asset, meaning that it has a correlation that is close to zero compared to stocks or other currencies around the world.
Grayscale continues to reveal that there are over 7,1 million active Bitcoin users around the world and almost 600,000 active addresses on the Bitcoin network, according to data provided by BitInfoCharts.
The firm also said that Bitcoin can work as digital gold, a mobile payment platform and a currency for countries that are experiencing hyperinflation. For example, Bitcoin and other digital assets have been embraced in Venezuela as a way to survive and be able to make transactions. As banks are controlled by the government and all the transactions are closely followed by regulatory agencies, users decided to handle digital asset for 000ⁿ.