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If you haven't recognized the future of cryptocurrency, you’re not alone. Approximately only 15% of Americans currently own a kind of digital currency, like Bitcoin or Ethereum. A large percentage of the people who have bought the currency have acquired it over the past two years. Regardless of your ability to invest, it’s likely that digital currency will impact you soon.

Mainstream Institutional Adoption Is Already Here

The writing started to be on the wall, perhaps when MicroStrategy CEO Michael Saylor first publicly endorsed Bitcoin. As a publicly-traded company dating back to 1989 and known for having lots of capital in excess reserves, Saylor coming out and publicly ringing the alarm of crypto and even calling it "superior to cash" indeed raised some eyebrows among institutions and created a snowball effect. 

Tesla makes $1 Billion dollars as BitCoin hit $60000 dollars. Looks like their bet on the Crypto world is working.

Tesla made a $1.5 billion investment in Bitcoin. At the time Tesla purchased their Bitcoin, it was worth $33,000.

At $60,000, Tesla is up roughly $1.2 billion on its trade. That’s almost a new factory that could produce hundreds of thousands of Tesla vehicles a year.

Tesla and SpaceX founder Elon Musk not the world’s richest person, after losing roughly $30 billion from his net worth in a span of less than 24 hours, and is now second behind Jeff Bezos.
According to the Bloomberg Billionaires Index, which ranks the world’s top 500 wealthiest people, Musk is now worth $180 billion. Jeff Bezos, who  Musk is behind, is worth $187 million.

Bitcoin has drawn enthusiasts for its scarcity and security, but the volatile digital currency still is not widely used to pay for goods and services. It’s mostly been a store of value, like gold, with some limited merchants like Overstock accepting bitcoin for payment. It’s also used by those distrustful of the banking system or criminals seeking to launder money. All and all, all kinds of people use BitCoin.