August 12, 2022

Tesla, Bitcoin and the crypto space: The show Musk go on? Experts answer

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While 2020 was a significant year for Bitcoin (BTC), the just-begun year of 2021 is already full of great surprises. On Feb. 8, Bitcoin’s price jumped by almost $3,000 in minutes, then it surged 20% in 24 hours — all due to the news of Elon Musk’s Tesla allocating $1.5 billion of its balance sheet to BTC. 

The same week, the oldest bank in the United States, Bank of New York Mellon, announced plans to hold, transfer and issue Bitcoin. Mastercard is also planning to support cryptocurrencies in 2021 for its almost 1 billion users. And SEC Commissioner Hester Peirce, commonly referred to as “Crypto Mom” in the crypto community, even underlined the urgent necessity for regulatory clarity due to the recent events in the space.

With PayPal, Tesla, Mastercard, BNY Mellon and others entering the cryptosphere, isn’t it becoming more clear than ever before that digital assets are now part of the mainstream? That their mass adoption has started and it is a matter of the present, not the future?

Last year, Cointelegraph asked experts in the crypto and blockchain industries for their opinions on PayPal’s crypto integration and mass adoption and on the importance of 2020 inTitle: Tesla, Bitcoin and the crypto space: The show Musk go on? Experts answer
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Published Date: Wed, 17 Feb 2021 18:19:22 +0000