Bitcoin’s Mainstream Acceptance
Today, buying bitcoin is as easy as opening a checking account. In El Salvador, you can pay for a Starbucks’ coffee or a Big Mac with bitcoin. Corporations like Tesla and Block hold bitcoin on their balance sheets. Legendary hedge fund managers like Paul Tudor Jones, George Soros, and Stanley Druckenmiller have made room for it in their portfolios. Banks are making bitcoin available to their clients. Even some insurance companies, the most conservative of institutional investors, have jumped on board.
What we’re saying is, bitcoin’s gone mainstream.1
OK, maybe it’s not everywhere yet, and El Salvador is indeed an outlier. And yes, you’ll still see some financial titans expressing doubts.2 But, if you don’t closely track the news, you may not appreciate just how common investing in bitcoin has become.
- Bitcoin has gone mainstream.
- From hedge fund managers to insurers, bitcoin is being embraced across the spectrum of capital allocators.
- NYDIG works with institutions of all types to bring bitcoin to everyone.
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- Perhaps the ultimate evidence for this is a reference to bitcoin on an episode of The Simpsons: https://markets.businessinsider.com/news/currencies/simpsons-episode-bitcoin-prediction-infinity-gamestop-tesla-stock-fluctuate-2021-4
- Which isn’t to say that they aren’t offering bitcoin-related products at their institutions
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