The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.
A death cross signals a possible enduring shift towards a bearish momentum, while a golden cross implies the contrary.
However, Bitcoin's mass adoption is growing at a faster rate when compared to the Internet. It is projected that in the next four years, Bitcoin will have around 1 billion users. The number of new addresses joining the Bitcoin network illustrates how fast BTC is reaching mass adoption.
Bitcoin adoption has picked up pace, a bank in Kazakhstan bought BTC. Analysts identify signs of potential upswing in Bitcoin price. Bitcoin adoption has picked up pace in Spain as the largest telecom company Telefónica accepts BTC and crypto. Analysts have predicted a spike in Bitcoin price with rising adoption and acceptance worldwide.
The adoption of BTC is reflected by the number of unique and active addresses on the network. Leading global companies like Tesla, MicroStrategy and Square are leading the adoption of Bitcoin. The S2F model popularized by PlanB predicts that Bitcoin will soar to $100,000 by the end of 2021.
The Internet has been around much longer than Bitcoin. However, the adoption of the pioneer cryptocurrency and the underlying technology, blockchain, seems to be outdoing the internet's mass adoption.
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