During its eleven years of existence, Bitcoin has been an extremely polarizing financial asset. And it is that, while those who have defended the cryptocurrency have done so without reservation. Those who have been skeptical of its success have also been radical in their positions. However, now that the cryptocurrency appears to be heading for a breakout of $ 20,000, even Bitcoin haters are starting to join the crypto world, as Scott Melker comments in the Tweet of the day:
Bitcoin haters join the crypto world
Many are already singing victory. And it is that, after more than a decade of existence, Bitcoin is finally beginning to be accepted as a financial asset throughout the world. Leaving behind the fears that the cryptocurrency usually arouses in the markets. To receive millions of dollars from institutional investors like Paul Tudor Jones and companies like Square.
The strong increase in the price of Bitcoin in recent weeks has had a lot to do with this process. Being the catalyst that allowed traditional investors to become interested once again in the operation of BTC. And, when checking the usefulness and security of the cryptocurrency, to invest large sums of money in the cryptoactive.
This, of course, has significantly altered people’s perception of BTC. Leading even those who until now have considered themselves Bitcoin haters, begin to reconsider their position and approach the crypto world. In a dynamic described by analyst Scott Melker on his Twitter account:
«It has taken us years to get over the insult of Bitcoin haters and legacy talking heads protecting their outdated systems and inferior assets. Now they are lining up to kiss the ring. Is our moment. Join the movement or get out of the way».
Thus, Scott Melker’s tweet is the best representation of the empowerment experienced by the crypto world in recent weeks. As major institutional players’ recognition of Bitcoin’s value has led crypto users to directly challenge BTC haters.