That time when locals will start asking you, for being the crypto guy of course, on how to buy and store BTC, how high do you think it will go and whether it will replace traditional money, hasn't come yet... We're still early in this bull market and looks like BTC doesn't have time for fake outs any longer. Almost every serious selling pressure has been strongly defeated by bulls and indeed sky is the limit.
Among the bulls that are currently defending BTC's price there's definitely a lot of financial institutions, you know... those that we were waiting for for so many years to boost prices and mass adopt crypto. Well, they're here and news regarding new ones entering the cryptos space are cascading on my feed almost daily. Just read recently about Singapore’s Biggest Bank Reportedly Launching A Bitcoin Exchange and there will definitely be more to follow suit around the world soon.
It's not just large whales, and financial institutions that trashed BTC till a few months and years ago, who seem to FOMO into crypto, but retail investors as well, trend that you might have already noticed. How many of you have yet seen a granny buying BTC? I know I didn't, but a friend of mine living in a big city in Romania(Timisoara), where I used to live as well for about three years during college(the city where my grandma was actually born), saw a granny buying BTC from a crypto ATM at a mall a few days ago.
At first, when he saw the old lady putting cash into the ATM he thought that she was mistaking the crypto ATM for a bank or payments one and he was even thinking to address to her, when the lady got her smartphone out of her bag and scanned her wallet's QR... it was crystal clear that she at least once heard about Satoshi Nakamoto. She wasn't of course the type of granny that cooks nice food and makes pancakes on Sundays, or probably she does, but rarely do I see, hear or read of folks over 60 years old buying BTC...
That's really something and such happenings are definitely clear bullish signs for BTC, such as for example Colombia which now has the largest number of Bitcoin (BTC) ATMs in Latin America according to cointelegraph. The country seems to be having around 50 BTC ATMs all over the country. Same as Romania, my country, does...
Just checked that by opening the CoinATMRadar app and was amazed to see that we have an almost 5X increase for the total of BTC ATMs in my country since early 2018. I guess the demand has increased, and if granny buys it, there must be something good brewing for BTC in the near future. The way Bitcoin pumps lately, by just claiming the $13,500 level as I am typing, my guess is that we will have a $15,000 BTC by the end of the month. Am I too bullish?
Probably, but when grannies go to buy BTC instead of healthy vegetables from the market, and you read all day about banks and otehr major financial players getting into crypto, you know that Bitcoin's joking time is off. We're on serious bull territory and there's nothing to convince me the opposite. By the way, how many Bitcoin ATMs are there in your country and who's the oldest one you know getting in to crypto lately? Does it yet smell like FOMO?
Thanks for attention,
Adrian
