Bitcoin is becoming mainstream. True? Lastly, many institutional investors bet on Bitcoin: Square, MicroStrategy, Paul Tudor. As this move happens, heavy quantities of Bitcoin supply is bought by Grayscale, for instance, and makes Bitcoin a more scarce asset than gold.
Stanley Druckenmiller said Bitcoin is a "better bet than Gold", exciting the interest of millennials and West Coast money.
Bitcoin is becoming mainstream as it attracts interest from tech-savvy to institutional investors. Bitcoin is, even, converted as an Ethereum asset such as Wrapped Bitcoin or rBTC. Wrapped BTC has $1,87 billion of market capitalisation according to CoinMarketCap.com .
As Bitcoin is becoming mainstream, central banks are interested in launching CBDC and to regulate it. Crypto businesses have subscribed to recovery programs during the crisis, some got banking license and, even,some have gone bankrupt.
To sum up, attracting the interest of institutional investors, Bitcoin is becoming scarcier even though mainstream. Now, governments are watching the evolution and want to regulate it.
