- Volkswagen and Amdax announce bullish pro-Bitcoin moves, showing wider adoption.
- Amdax announces its plan to buy 1% of the total BTC supply.
- Volkswagen Group Singapore announces its acceptance of Bitcoin as payment for its cars.
Bitcoin and crypto assets are growing more popular by the day, leading more companies and countries to adopt blockchain and crypto technology. Joining the ranks most recently and Volkswagen and Amdax. To highlight, Volkswagen and Amdax announce bullish pro-Bitcoin moves, showing wider mainstream BTC adoption. Soon, these movies could reflect altcoin popularity in a much shorter time.
Volkswagen and Amdax Announce Bullish Pro-Bitcoin Moves
With more countries and companies moving and making pro-Bitcoin and pro-crypto moves, their announcements seem to be coming a lot faster than they did in the last bull cycles. So far, the ongoing bull cycle has seen the most active participation on a governmental and corporate scale. Despite his rapid adoption, the majority of the world is still oblivious to the incredible potential and power of crypto and blockchain technology.
Most recently, as we can see from the posts above, the Dutch public company Amdax announced its plan to buy 1% of the total Bitcoin supply. This totals to the entity buying 210,000 BTC, undoubtedly a huge decision. Meanwhile, Volkswagen Group Singapore announces that it is accepting Bitcoin as payment for its cars. It made this decision as it says that Bitcoin offers speed, enhanced security, and lower transaction costs.
Over the past few weeks alone, financial institutions have broken records with their BTC and ETH accumulation moves. Most recently, Tom Lee’s Bitmine Immersion single-handedly bought and now own 1% of the total ETH circulating supply, and they show no intention of stopping. In fact, this entity aims to own 5% of the total ETH supply, similar to Michael Saylor’s intention of owning a significant chunk of the BTC supply.
Furthermore, it is not only financial institutions buying Bitcoin (BTC) and Ethereum (ETH). Most recently, national governments are getting involved and coming up with smart ventures and plans to ensure that their nation won’t be left behind in a race to adapt to blockchain technology or to adopt cryptocurrencies like Bitcoin (BTC) whilst still keeping their citizens’ best interests at their core.
Rapid Global Bitcoin (BTC) Adoption
To highlight, yesterday Thailand announced its plan to launch a program that will allow its foreign visitors to convert Bitcoin and crypto to its local currency, Thai Baht. This ‘TouristDigiPay’ will act as a crypto payment sandbox that allows immediate crypto conversion, ensuring the safety of tourists and merchants. In this process, no payments will ever be made directly to merchants.
Meanwhile, Indonesia considers adopting Bitcoin as a national reserve asset, igniting greater expectations for a global BTC accumulation race, like Binance Founder and former CEO, CZ, predicted. Adding on, the Vietnamese Government prepares to launch its first Bitcoin and crypto exchange via its Military Bank and by teaming up with South Korea’s Upbit operator, Dunamu.