Bitcoin as well as all the crypto market has got a really severe hit in the past two weeks or so. Most of them, if not all, have plunged 50% or more. Ouch!!😰
It seems one of the reasons that triggered the panicky selling was the concern of its enormous usage of energy. But in reality if you put it into the proper perspective, the concern is a bit out of proportion.
See some facts below.
Regardless of what happens in the market right now, more and more institutional money as well as billionaires is moving into Bitcoin and will likely also into other major cryptos in the near future.
The most recent one: Activist investor Carl Icahn is interested in getting into cryptocurrency in a "big way," and may eventually put more than $1 billion into an alternative currency.
Here's a list of 10 public companies that have added large amounts of bitcoin to their balance sheets:
This trend is unstoppable!!!💪💪
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