When did Bitcoin become a mainstream currency?
Gorman WrennDec 25, 2021 · 3 years ago3 answers
Can you provide a detailed explanation of when Bitcoin transitioned from being a niche digital currency to becoming widely accepted as a mainstream form of payment?
3 answers
- Dec 25, 2021 · 3 years agoBitcoin started gaining mainstream attention around 2017 when its value skyrocketed and reached an all-time high. This surge in popularity led to increased adoption and acceptance by businesses and individuals as a legitimate form of payment. Since then, Bitcoin has continued to grow in popularity and is now widely recognized as a mainstream currency.
- Dec 25, 2021 · 3 years agoBitcoin became a mainstream currency when major companies like Microsoft, Expedia, and Overstock started accepting it as a payment method. This increased the credibility and trust in Bitcoin as a legitimate form of currency, leading to its widespread adoption. Additionally, the development of user-friendly wallets and payment platforms made it easier for people to use Bitcoin for everyday transactions, further solidifying its status as a mainstream currency.
- Dec 25, 2021 · 3 years agoAccording to industry experts, Bitcoin became a mainstream currency around 2017. At that time, it had already gained significant recognition and acceptance by businesses and individuals. The increasing number of merchants and online platforms that started accepting Bitcoin as a payment method played a crucial role in its mainstream adoption. This trend has continued to grow, with more companies and individuals embracing Bitcoin as a viable alternative to traditional currencies.
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