• About us
  • Advertise With Us
  • Become a Contributor
  • Guest Posting Service
  • Privacy Policy
  • Submit Press Release
  • Terms & Conditions
  • Contact us
Blockchain Financial Times
  • Home
  • Market
    • Analysis
    • Guide
  • Binance
  • Bitcoin
  • Blockchain
  • Coinbase
  • Crypto
    • Crypto Exchange
  • Ethereum
  • Finance
  • Litecoin
  • Ripple
  • Tether
No Result
View All Result
  • Home
  • Market
    • Analysis
    • Guide
  • Binance
  • Bitcoin
  • Blockchain
  • Coinbase
  • Crypto
    • Crypto Exchange
  • Ethereum
  • Finance
  • Litecoin
  • Ripple
  • Tether
No Result
View All Result
Latest News and Updates on Cryptocurrency
No Result
View All Result
Home Guide

Global adoption of cryptos will continue, says Fred Thiel

by
August 3, 2022
149 1
Global adoption of cryptos will continue, says Fred Thiel
Share on FacebookShare on Twitter

The adoption of cryptocurrencies has increased over the past few years, and experts believe it is only getting started.

In a recent interview, Fred Thiel, the CEO of Marathon Digital, told CoinDesk that he is confident the adoption of Bitcoin and other cryptocurrencies will continue to grow.

Thiel made this statement during the ongoing Bitcoin 2022 conference in Miami. The Marathon Digital CEO praised the rising adoption of cryptocurrencies in Latin America.

El Salvador became the first country to make Bitcoin a legal tender in September last year. Thiel said it was a good move by the country as it is now leading to more adoption in Latin America, Africa and Europe.

Thiel added that the adoption of Bitcoin will grow faster than the other cryptocurrencies. He stated that;

“We are going to see broader adoption of Bitcoin because it remains the leading cryptocurrency and is highly regulated. It is a commodity, we know how to tax it, and we know how to hold it. Hence, anything that leads to the further adoption of Bitcoin is great.”

Thiel pointed out that Latin America has become one of Bitcoin’s largest markets due to the rising use case. He discussed El Salvador as an example, with more than 20% of its GDP from remittances.

With cryptocurrencies, people no longer pay huge amounts of money to send money to other parts of the world, a problem that plagued them with the traditional financial system. Hence, for this reason, crypto adoption has been growing in Latin America and Africa.

Furthermore, Bitcoin and other cryptocurrencies serve as safe haven for people living in countries with high inflation rates. 

Bitcoin remains the leading cryptocurrency globally, with a market dominance of over 40%. At press time, Bitcoin is trading above the $43,000 level.

The post Global adoption of cryptos will continue, says Fred Thiel appeared first on CoinJournal.

source

Tags: Crypto WorldCryptocurrency NewsLatest Crypto NewsToday Crypto UpdateTop Cryptocurrency News

Recommended.

Press Releases Versus Article Promoting – Five Stage Choice Mini-computer

November 22, 2022
Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist

Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist

August 3, 2022

Trending.

No Content Available

Blockchain Financial Times

Get the latest news on Cryptocurrency and stay up-to-date ... Cryptocurrency prices today

Follow Us

Categories

  • Analysis
  • Binance
  • Bitcoin
  • Blockchain
  • BNB Chain
  • Cardano
  • Coinbase
  • Crypto
  • Crypto Exchange
  • DeFi
  • Ethereum
  • Finance
  • Guide
  • Litecoin
  • Market
  • Metaverse
  • Polkadot
  • Ripple
  • Solana
  • Tether

Tags

bnb chain explorer bnb chain metamask bnb chain network bnb chain price Business Wire Pricing Cryptocurrency News Crypto News Crypto World DeFi coin DeFi Crypto Ethereum blockchain consultant Ethereum Digital Marketing agency Ethereum Digital Marketing Company Ethereum Marketing consultant ethereum news ethereum proof of stake ethereum value Latest Crypto News Marketwired Pricing metaverse app metaverse crypto metaverse stock music video press release Polkadot Digital Marketing Company Polkadot Marketing Agency Polkadot Marketing consultant Polkadot Online Marketing Agency press release for music video PRNewswire Cost PRNewswire Pricing PRWeb Pricing solana crypto Solana Marketing Experts Solana Marketing Strategy solana news Solana Online Marketing Agency solana price solana to usd Today Crypto Update Top Cryptocurrency News video news release video news release distribution video news release examples video news release template video press release

Recent News

PR NEWS WIRES – At the point when To Compose A Press Release And How To Get It Distributed

November 29, 2022

PR Wires – The Force of a Press Release

November 28, 2022
  • About us
  • Advertise With Us
  • Become a Contributor
  • Guest Posting Service
  • Privacy Policy
  • Submit Press Release
  • Terms & Conditions

© 2022 Blockchain Financial Times.

No Result
View All Result
  • Home

© 2022 Blockchain Financial Times.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In