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If a company like Starbucks decides to enter the space in a bear market, then I'm in no way worried about crypto's future

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by COINS NEWS 116 Views

The fact that major companies are just starting joining the crypto market at one of its most bearish phases alone should tell you something about the future of crypto.

Mind you, these aren’t some small time companies with no significance. I’m talking about Fortune 500 companies with hundreds of billions of dollars at their disposal.

Plus you also have to think about the fact that all of these major companies have entire departments responsible for taking important financial decisions for these companies. And if they’re seeing that investing billions of dollars into crypto is the right choice, then who am I to fight with a department of financial experts?

We’re starting to see institutions and companies enter the market more than we’ve ever seen before and at an ever increasing rate. This alone gives my trust in crypto by a lot.

Facebook, Disney, Coca Cola, and Stripe, and (just today) Starbucks partnered with Polygon making them the business development side of Ethereum. While Reddit, the website you're reading this post on, rolled out community points on Arbitrum. Ethereum has positioned itself as the de facto L1 in the space, and L2s will pave the way for mass adoption.

NFT sales on Solana and Polygon spiked by massive amounts, a lot of which was boosted by the presence of these billion dollar companies and fired up communities.

These companies have an extremely strong influence over a gargantuan number of the world population. And as Starbucks mentioned today, you will hardly notice that you're using a blockchain.

So that potential audience is starting to see these companies join crypto and Web3. Awareness is starting to grow.

Yet it’s no secret that the crypto market hasn’t been performing well the past year or so and that seemed to spark some concern (especially for the new comers that haven’t been through crypto bear markets before) for the future of crypto.

But price action alone is NOT an indicator of how a market is heading. Development and fundamental growth is arguably more important than any other indicator and right now I think the crypto market is killing it in that regard. You miss a bull run once you're absent in bear.

TL,DR: Don't worry about your blue-chip bags, mass adoption is just starting and the potential is massive, with a future that's looking brighter every single day (except for that day when they sanctioned Tornado).

submitted by /u/BodyStunning1786
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