Bitcoin seems to have started an unstoppable race to dethrone some of the world's largest financial and technology companies. The asset recently managed to reach a staggering $ 1 trillion market capitalization, alongside companies such as PayPal, Mastercard, etc. At this point, BTC early adopters have begun to cash in more than those who invested their money in traditional companies.
Earnings skyrocketing for many
Famous Bitcoiner Anthony Pompliano said Bitcoin managed to generate a return on investment worth $ 712.500 more than their first venture. In a nutshell, this is $ 692.500 more than what was recorded in profit for its investors by the giant US transportation network company Uber.
It's amazing how over the past 10 years, such new technology has managed to get rid of traditional companies with a single swipe of the sponge. And forecasts for the next 10 years could be even more positive, setting new records. Furthermore, it is very interesting to see how these same companies are creating spaces for their users, to allow them to access Bitcoin through new payment features.
Bitcoin surpasses traditional fintech companies
Bitcoin is destined to grow and maintain its status as a leading asset in both the cryptocurrency and traditional finance sectors, as more and more companies integrate the asset into their corporate framework, as Tesla and Elon Musk have done. recent (with mixed results).
Furthermore, the possibility that this is already happening is very high. In fact, Coinbase assures that some of the largest companies in the world are interested in buying the asset. Aside from the generous ROI that Bitcoin is generating for its investors, cryptocurrency companies such as Bitcoin system, surpass traditional companies in terms of revenue and profits.
Pompliano says: “Many bitcoin and cryptocurrency companies will surpass the ratings of legacy financial institutions in the next 24 months. You are about to see the Wall Street titans crumble at the hands of the tech stocks building open source and decentralized software ”.
Fighting the government to stay afloat
It is important to note that while these companies have the full potential to overcome existing fintech companies, there are some obstacles that could potentially hold back the growth of these crypto companies.
For developing countries like Nigeria and India, for example, whose governments have been harsh on cryptocurrencies and users wishing to trade them, the strategy is to create a different path for businesses to stay afloat would be crucial for its sustainability in the years to come.
And what do you think of all this? Are you an early adopter of Bitcoin or have you not yet put the most important crypto currency in the world in your digital wallet? Let us know in the comments below.