There is no denying that this year was great for cryptocurrencies. We had various ATHs, scandals, drama, as well as anger and joy. But most importantly, we had growth. Bitcoin’s skyrocketing price drove huge increase in the altcoins and cryptocurrencies market.
Bitcoin’s remarkable growth is leading to the increased adoption of cryptocurrencies and blockchain technology. However, some of the biggest companies in the world have yet to accept Bitcoin in their businesses, which may happen next year, according to the cryptocurrency community.
Reports from Forbes point out that many people believe that cryptocurrencies will find more space in the market next year. Companies accepting Bitcoin are probable, while others seem less likely to accept the cryptocurrency:
· Walmart – 83.3%
· British Airways – 75%
· McDonald’s – 66.67%
· Amazon – 40%
· Apple – 28.57%
According to the increasing number of people owning Bitcoin might result in more companies willing to accept it:
With the steep increase in the number of people getting their hands on Bitcoin, we think it is highly likely [that] McDonald’s will begin to accept it. It looks like we will start finding out sooner rather than later!
$20,000: THE NEXT BIG STEP FOR BITCOIN
Bitcoin might be a bubble, but even if it is, he does not see it bursting any time soon:
According to cryptocurrency surveys taken lately, 42.11% believe Bitcoins will exceed $20,000. 38.1% say it will stay between $15,000-$20,000 while 30.77% think it will remain below $15,000.
We can expect that next year will also generate some more trouble for Bitcoin. Some of its issues are yet to be fixed and the ‘bubble’ talk is still very present. According to David Drake, founder and chairman at LDJ Capital, a finance and investment consulting firm, “Bitcoin still needs more security”.
Neil Wilson, senior market analyst at ETX Capital, a multi-asset trading platform, said:
There are no fundamentals or technicals that explain this other than it being a massive speculative bubble. This sort of thing never, ever lasts.
Which of these companies — or others — do you think might accept Bitcoin next year? Let us know in the comments!