Bitcoin BTC Enthusiasts have often wished for a gold-like adoption for the Master token.

Recently Nexo Finance Tweeted:  “Volatility tilts favor towards Bitcoin. Crypto is down only about 5% in 2020 vs. almost 22% for S&P500. For the nascent crypto, it’s also an indication of a transition toward gold-like adoption. Stay in the know. Make the most of your #BTC with Nexo.”

The Crypto Outlook from Bloomberg also recently provided a maturation leap for the Bitcoin BTC.  They spoke about how Bitcoin |BTC was born out of the financial crisis and about how it has been maturing and accelerating ever since.

The Outlook re-instated and emphasized on how the stock market shakeout accelerated a gold-like transition for BTC.

Bitcoin and Gold have been talked together in many ways, like the Bitcoin Futures taking towards the status of Digital Version Gold.  Further stated that Bitcoin and Gold were showing convergence with endurance.  About Covid-19 supporting Bitcoin on-chain indicators and dominance, and more.

Sydney Ifergan, the Crypto Expert, tweeted:  “Gold is Gold.  Bitcoin is Bitcoin.  Comparing Bitcoin to Gold is to have a relative idea of the safe-haven status. Exaggerations apart, those who are for gold are for gold – BTC Diversification, maybe.”

Traditional Investors trying to diversify their portfolio to Bitcoin BTC is slowly happening.  More investors are going to dive into the Bitcoin Ecosystem than expected.  However, this is not going to kill the status of Gold or overtake Gold. Every asset type is going to have a place and audience of its own.  Bitcoin (BTC) will definitely make heads turn and think towards what it can possibly do for the investors.

Bitcoin (BTC) Transactions with Tether

There is a lot of hope for Bitcoin to become the contender for the best performing asset of the year 2020. Even Forbes had expressed the ideal. However, none of the market trends are ultimate.  There is scope for correction.  There is going to be some value for every community. BTC will gain recognition as a resource for private use.

Forbes reports, “There are currently some 6.3 billion tether tokens in circulation, compared to just 18 million bitcoin.”

Forbes expresses that the price of the Bitcoin (BTC) is increasing, and they have other reasons to report than just the halving. Tether (USDT) pegged to USD is cited as one of the reasons. Trades between Bitcoin and Tether seem to trigger BTC interest. 

Rallies, Corrections, Price Slides will help decide on the fate of adoption and Gold Like the status of Bitcoin.

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