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Innovators Betting on Widespread Cryptocurrency Adoption, Despite Recent Sell-Off

Baystreet.ca

Despite leading cryptocurrency Bitcoin falling to a 13-month low, taking rival tokens Ether, Litecoin and XRP down with it, optimism remains over the long-term inevitability of widespread adoption of these digital currencies. New San Francisco and Singapore-based hedge fund Circuit Capital is betting on an upcoming “bull run” driven by growth in adoption and institutional infrastructure—based on data they’ve gathered that supports their claim. Undeterred by the market’s current sentiment, innovators such as NetCents Technology Inc. (CSE: NC) (OTC: NTTCF), HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (OTC: HVBTF), International Business Machines Corp. (NYSE: IBM), Square Inc. (NYSE: SQ), and JPMorgan Chase & Co. (NYSE: JPM) continue to make significant advancements that will lead to further adoption in the near future. According to Circuit Capital, the fall in bitcoin price over the last ... Click here to view full article