The Retail Adoption Wave is Coming

The retail industry is undergoing a massive transformation. Blockchain technology has the potential to revolutionize this sector, making it more secure and efficient than ever before.

The disadvantages of e-commerce during covid-19 is an article about how online retail adoption is on the rise.

Let’s start with the reason I think the story seekers got it wrong: both US Securities and Exchange Commission Chair Gary Gensler and Federal Reserve Chair Jerome Powell, nicknamed J-Pow, said that they have no plans to prohibit it.

Although there has been a lot of discussion on social media about this, I don’t believe it has persuaded many big investors. The simple truth is that we were already aware of it.

Sure, it’s reassuring, but I doubt many people expected the United States to follow China’s lead and impose a crypto ban.

Much has been written recently about institutional adoption, but I’m not sure I agree with this story.

CME bitcoin futures volumes have been strong in recent days, although not as high as they were in September when the market was falling down.

Furthermore, we can observe that Grayscale’s bitcoin trust product has seen a decrease in volume since the beginning of the year.

The volume data for the previous week are not displayed on this chart for clarity.

Even if there was a rise, it would be difficult to argue that institutions had been increasing their purchases recently.

Messari data also indicates that exchange volumes increased yesterday, but that the total volume was still far below the sell-off on September 7.

So, what’s the deal with the pump?

On-chain statistics, on the other hand, tells a different picture, with the amount of money moving through bitcoin’s blockchain gradually increasing in recent months and the number of transactions per day regaining levels not seen since May.

The Retail Adoption Wave is Coming

This is obvious evidence that bitcoin and other cryptocurrencies are becoming more popular in their original form.

As a result, in my opinion, this is more about digital scarcity and adoption than anything else. The period of consciousness has come to an end.

Digital assets are familiar to everyone with a basic understanding of economics and finance. Now, we’re witnessing a rise in real use, which is happening steadily and regularly.

What comes next?

The announcement that US Bank is now offering bitcoin custody services is the big news, and it’s the proverbial straw that broke the backs of speculative traders.

The fact that AMC cinemas are taking cryptocurrency is also a strong indication that retail demand for digital currencies is especially strong.

Today, we add another retail adopter to what we expect to be a quickly expanding list.

The Retail Adoption Wave is Coming

That’s around 400 additional places in the United States that will take bitcoin as payment.

People are increasingly able to select the kind of money they use. Their choice is clear.

With a few more announcements like this, we might easily be within striking distance of the widely regarded $100,000 price goal.

The how did covid-19 affect marketing is a question that has been asked by many. Covid-19 was released on October 24th, 2018 and it affected the retail adoption wave.

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