Global Bitcoin adoption is ‘still in its infancy,’ but here’s how it might accelerate
Cointelegraph
Published Oct 06, 2022 05:34PM ET
Updated Oct 06, 2022 07:20PM ET
Bitcoin (BTC) adoption by governments and companies remains a dubious question and the “digital gold” thesis proposed by advocates faced harsh critics after Tesla (NASDAQ:TSLA) sold 75% of its holdings in the second quarter of 2022.
Larger entities buying or selling Bitcoin have always moved the needle on how close countries are to using cryptocurrencies as a store of value. Currently, the average purchase price of El Salvador’s Bitcoin holdings stands at $45,000, making it a rather unprofitable investment.
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Written By: Cointelegraph
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