It looks like Bitcoin is getting closer to mainstream adoption. Now that even Elon Musk endorsed the popular asset on his Twitter bio, the asset’s price surged by 19% to reach $37,000 during the day. However, in the last hour, at press time, the digital asset fell by 2.6%, which gave many a reason to point at the asset’s volatile nature.
However, according to Marshall Hayner, CEO of crypto payment solution Metal Pay, Bitcoin has met a “fourth wave” of adoption. The chief exec noted that the asset reached all-time highs over the past few months, and with it came institutions that added the crypto to their balance sheet.
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