The Crypto Market May Be Down, But It’s Primed For Takeoff!

If you have been following cryptocurrency related news in the last few weeks, then you know that there has been a lot of adoption going on in this market. For instance, last week, the state of Arizona announced that it would be accepting bitcoin as a medium for paying taxes. While this excited the market a little bit, it was just a tip of the iceberg, of the on-going crypto adoption story.Yesterday, another U.S state, Georgia, tabled a motion seeking to accept not just bitcoin, but all cryptos as a means of paying taxes. The state of Georgia also wants cryptos to be accepted as a means paying of payment for all state licenses. This is a sign that the U.S, has already accepted cryptos. You can expect this to become the norm all across the world. After all, the U.S is one of the countries that sets trends that other nations follow.

But it’s not just states and governments that are leading the way in crypto adoption, banks too are in the race. Two days ago, the value of Nano (Nano) coin shot up by a huge margin. One of the reasons behind this surge was a rumor that a member in the Nano team had met with a top manager at JP Morgan. A deal could be in the works, once it happens, it will mark the beginning of large-scale adoption of crypto currencies by the financial system, as a tool for making their systems more efficient. There are several other banks across the world already experimenting with cryptos. The National bank of Abu Dhabi, one of the largest banks in the Middle East recently adopted Ripple in a bid to cut costs. Western union, one of the most important corporations in the financial sector has also entered into a deal with Ripple. Clearly, cryptos are slowly taking over finance.

The adoption story is also quite visible in sectors as far flung from finance as real estate. Two days ago, Yida one of the largest real estate companies in East Asia entered into a deal with Vechain.The idea is to use Vechain’s blockchain as a tool for making its supplies and logistics aspect of the business more efficient.

Basically, there is so much crypto adoption going on right now, that one might wonder why the market is down. Well, that’s most likely because the big boys are accumulating their positions. It’s not a mistake that all these crypto adoption stories are not making it to the mainstream media. Such publicity would deny institutional buyers the chance to get in, because the market would skyrocket. You can rest assured that once they are in the market with significant holdings, this market will blow up big time. Some coins like Bitcoin could easily hit valuations of $100k and above.

As an investor, this is the time to buy, and if you already have some coins, don’t even think of selling them. The future of cryptos has never been brighter!