In this article we are going to list the Top 15 Biggest Companies That Accept Bitcoin. You can skip our detailed discussion about the reasons behind the latest Bitcoin rally, the future prospects of the cryptocurrency and go to 5 Biggest Companies That Accept Bitcoin.
Bitcoin kicked off 2021 with a bang. The cryptocurrency smashed through the $51,000 milestone on Feb. 18 and analysts are becoming bullish on the coin by the day. Wedbush’s analyst Dan Ives recently said in a note to his clients that Bitcoin has become a much bigger story than merely a price game. Ives said that the recent growth in Bitcoin and its growing acceptance will have important ramifications over the next ten years.
“We believe the trend of transactions, Bitcoin investments, and blockchain driven initiatives could surge over the coming years as this Bitcoin mania is not a fad in our opinion, but rather the start of a new age on the digital currency front,” Ives said.
As Bitcoin continues to barrel through new highs, analysts who were skeptical of the cryptocurrency are starting to have second thoughts. Even though JPMorgan Chase this week warned that Bitcoin’s current price looks “unsustainable” amid the huge flux and volatility, the firm was recently reported to be considering to begin accepting Bitcoin. According to CNBC, JPMorgan co-president Daniel Pinto and other executives said in a Zoom call with employees that as investment firms, retail investors and asset managers begin to trade Bitcoin, JPMorgan “will have to be involved” with the cryptocurrency.
With each passing year, Bitcoin is gaining significant prominence and legitimacy in both the mainstream consciousness and the business world. Bitcoin has taken the world by storm, paving the way for the new standard of cryptocurrency and what it means to be a truly global society.
There are many buzzwords associated with Bitcoin, such as cryptocurrency, blockchain, and mining. But what do they all mean? What exactly is a Bitcoin and how did it come about? Bitcoin, to put it simply, is a form of cryptocurrency, or virtual currency. Unlike traditional currencies like dollars and pounds sterling, cryptocurrency is not physical cash. Nowadays there are many other cryptocurrencies such as Ethereum, XRP and Tether to name a few. But Bitcoin is the original, most famous, and most significant of all cryptocurrencies. It was invented by Satoshi Nakamoto in 2009. Bitcoin is based on the blockchain technology, a system of recording information in such a way that it cannot be hacked or cheated. It may be considered as a distributed ledger technology or DLT which allows data to be stored on thousands of servers across the world. Every transaction of Bitcoin is recorded on this blockchain, serving as public list. All Bitcoin transactions are public. Blockchain plays a key role in authentication and authorization of Bitcoin transactions.
Pixabay/Public Domain
Why Is Bitcoin Soaring to New Highs?
Perhaps the biggest reason behind the recent Bitcoin rally is that major companies and investors are finally throwing their weight behind the cryptocurrency. Earlier in February, Tesla stunned the Wall Street when it announced that it had bought $1.5 billion worth of Bitcoin and plans to start accepting the currency. Billionaire investor Paul Tudor Jones recently said that Bitcoin is just getting started and currently in its “first inning.” Jones also said that Bitcoin is the best inflation hedge. Twitter’s founder and CEO Jack Dorsey along with rapper Jay Z launched a Bitcoin development fund by investing 500 Bitcoins. Dorsey said that it will be a “blind irrevocable trust” focused on Africa and India. Square also recently bought $50 million worth of Bitcoin. All of these developments are causing Bitcoin to soar, as the currency gets legitimacy and acceptance across the board.
There are hundreds of…
Read More:15 Biggest Companies That Accept Bitcoin
