It's big news and as part of the crypto community, we can be happy. I will share the news in detail in this post by now many people are aware but still I think that everyone should know about this big update. Big adoption going to play a big role in this market which means the more companies come forward to use Bitcoin for different purposes the more adoption is going to happen worldwide.
Ferrari which is a highly expensive luxurious car brand has announced that they will be accepting Bitcoin Ethereum and USDC coins for their car payment. Ferrari is a global brand and their cars are highly expensive but still, it is a dream for many to own Ferrari however whoever owns their car must be a proud owner. Now the company has announced that they will be accepting crypto currencies for payment which is a great update in my opinion and this should make some positive impact on the market in the long run.
As of now, this news has been announced but the real impact can be seen in the market after some time when people start buying their cars using cryptocurrencies. They have not shared any specific date for the acceptance which means they are ready to start this or maybe they have already started doing it so let's consider it as done and let's also be happy that this is going to be encouraging many more companies to do the same thing. If more such big companies start accepting Bitcoin as a payment option then can you imagine what value of the Bitcoin will be in the future?
Bitcoin worth 100K US dollars will not be a big deal in that case and this is why I think it is high time when we need to build a Bitcoin portfolio in bigger amounts. This is not financial advice so if you are planning to invest in this then please do your research and once you feel good then invest whatever amount you want to.
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Well, if we must see crypto compete favourably with tradfi, the only way is wider institutional adoptions like this and more. This week has seen a lot of adoptions by big players and also appointing Gracy Chen into the Forbes business council
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