RE: The Evolution Of The Cryptocurrency Industry
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Well written. I wrote last year that this bull run felt different because of the entrance of Institutional money for the first time publicly, and as you correctly point out, those big companies are likely only to be the first of a windfall of others.
That said, Saylor has expressed McAfee like confidence that $1-2Million per BTC is likely within our lifetime, which is very possible, but I still think we are quite far away from anything near that. Will a few more companies add BTC to their balance sheet this year? Almost certainly. Apple does seem to be a likely candidate and would certainly open the door to a wave of other companies as well as Retail investors should the put out an Apple wallet. Somehow when Apple puts its name on something there is a sense of "legitimacy" in the eyes of the masses. However, there are still major obstacles to BTC ever becoming anything more than a temporary storage of value and while I believe strongly in the entire Crypto space, I'm not certain that with all of the rising competition that BTC will ever be able to achieve the marketcap predicted by Saylor. I'm rooting for it though...
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