As Bitcoin soars, major brands will find crypto more palatable | Opinion

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As a seasoned crypto investor with battle-tested nerves and a portfolio that mirrors a roller coaster ride, I can confidently say that the current surge in Bitcoin prices is reminiscent of the Roaring Twenties – an exhilarating yet unpredictable ride. The thrill of watching my digital assets grow is undeniable, but the specter of President Trump’s second term looms large, potentially reshaping the crypto landscape like a master sculptor chiseling away at a monumental block.

The value of Bitcoin (BTC) fluctuates, experiencing both increases and decreases, much like any other stock or asset. Lately, however, its surges have been significantly greater than its declines, which makes it a thrilling ride for crypto enthusiasts who find themselves in an analogue of the Roaring Twenties – a period of economic growth and prosperity that followed the Great War in Western societies.

Similarly, Bitcoin owners and crypto enthusiasts are happily monitoring their digital wallets as token prices surge, about two years since the onset of a bear market.

As cryptocurrency enthusiasts and advocates of decentralization celebrate their expanding wealth, a significant factor looms large: the potential impact of U.S. President Donald Trump during his second term. However, similar to the uncertain trajectory of digital asset values, these implications are purely conjectural at this point.

As a crypto investor, I can confidently say that Trump’s wholehearted acceptance of digital assets undeniably brings positive opportunities for our sector. Some have even suggested that his quote from July about establishing a “strategic national Bitcoin reserve” might signal a potential shift towards recognizing Bitcoin as legal tender. While this remains speculation, it certainly stirs excitement in an industry that’s been steadily gaining traction over the past year.

In reality, it’s unlikely that we will see widespread acceptance, or mainstream adoption, of this concept right after Donald Trump’s inauguration, and probably not within the first year of his presidency either.

From my perspective as an analyst, the unyielding optimism within the industry is undeniably high, yet it’s backed by tangible advancements in key areas like real-world asset tokenization, spot Bitcoin ETFs, and AI-powered applications. These developments are not only noticeable but also serve to deepen its roots, providing a strong foundation for future growth.

Although cutting-edge technology improvements are essential and beneficial, it’s unlikely that widespread acceptance will result from a groundbreaking autonomous liquid re-staking platform. Instead, achieving mainstream adoption will be more successful by forging significant connections with well-known brands beyond the financial and technological industries.

In simpler terms, well-known brands such as Nike, Starbucks, Louis Vuitton, and others hopped onto the NFT trend due to its unexpected popularity in 2021. But diving headfirst into a passing fad without a clear purpose isn’t particularly significant.

Due to the recent surge in the industry’s performance and Bitcoin’s growth, a number of well-known brands have disclosed their intention to accept cryptocurrency as payment. Two weeks ago, Printemps, a prominent French department store, revealed it was collaborating with Binance and Lyzi, a French fintech firm, to accept Bitcoin and Ethereum (ETH) in all its French stores. Earlier this month, Virgin Voyages, a luxury cruise line, began accepting Bitcoin payments, while S.T. Dupont, a high-end goods manufacturer, announced it would start accepting cryptocurrency payments in two of its Paris stores by Christmas.

Although it might serve as a publicity move aimed at appearing innovative or could potentially be a tactical business move for struggling high-end brands, it undeniably propels cryptocurrency towards mainstream acceptance.

Beyond traditional stores adopting cryptocurrency transactions, platforms such as PayPal and WooCommerce are progressively facilitating both online buyers and sellers to incorporate and process payments using digital coins. These transaction portals bridge the divides between cryptocurrencies and the larger economic sphere.

The purpose of GT Protocol is to create AI agents that seamlessly blend with both cryptocurrency and non-cryptocurrency platforms, a goal it’s working hard to accomplish. This cutting-edge AI technology has already been adopted by prominent global brands such as Amazon, Shein, Nike, and others. By showcasing the potential of AI and cryptocurrency through its blockchain-based execution, GT Protocol believes that the merging of AI agents, e-commerce, and cryptocurrencies is a strategic move to attract more users towards web4.

There are numerous methods for welcoming new users, yet partnering or linking cryptocurrency payment systems with mainstream businesses appears to be a quicker approach. As long as cryptocurrency sustains its growth and keeps innovating in the coming year, you can anticipate seeing an increasing number of brands from various major sectors exploring ways to connect crypto and retail.

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2024-12-21 16:13