🏆 Bitcoin & Cryptocurrencies Course | Bitcoin Adoption 🏆

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✅You have to understand that Bitcoin adoption has been very slow. It's a very long process, to adapt a new cryptocurrency to a new world. After the recession of 2008, a new alternative was coming.

✅Bitcoin was chosen by Wikileaks in 2011, when they started using Bitcoin following because they had a lack of options for receiving other currencies.

✅In 2012/2013, Bitcoin saw adoption by Bitpay. Bitpay is the bitcoin payment processor. During the same year, Wordpress started using in their system. Can you imagine using Bitcoin while using Wordpress? It is now an option.

✅In 2013, Bitcoin was adopted on a very popular exchange "Coinbase". In the same year, "Shapeshift" started to launch it as well. Berry Silbert and Roger Verhees founding most of it. You can imagine that being accepted by major exchanges really propelled Bitcoin.

✅In 2015, Coinbase even raised $75 million in a funding round which also contains development for the Ethereum platform. We will talk more about Ethereum and the launch of Smart Contract in the next chapter. During the same year, the number of merchants accepting Bitcoin exceeded more than 100,000.

✅ Following that, in 2016 Bitcoin started to gain more momentum among mainstream users. We started to hear Bitcoin in the news, Bitcoin became an alternative. Bitcoin was mostly used for popular plaftorms.

✅In 2017, Bitcoin became a mainstream asset and pushed the growth of the cryptocurrency industry. Bitcoin's price surged until the end of year 2017, along with a broader market fueled by massive ICOs launched on the Ethereum Network. Bitcoin's price peaked at roughly $20,000, and mainstream media coverage was rampant in price speculation.

✅If you didn't understand everything, it's alright. You just have to understand that Bitcoin is going under a couple of steps to reach a massive adoption. We are still at the beginning of cryptocurrencies and Bitcoin.