09.02.202217:33 Forex Analysis & Reviews: Apple takes adoption of digital assets to new level

The impulse growth of cryptocurrencies has stopped and a natural rollback has begun. The total capitalization of digital assets has stopped a step away from returning to the $2 trillion mark. And while the crypto market is in a state of stabilization of positions after a steady growth, you can pay attention to fundamental factors.

Apple CEO Tim Cook announced an important innovation in Apple products. According to Cook, the new generation of iPhone will receive a Tap to Pay feature that will allow users to make direct transactions in bitcoin and other cryptocurrencies.

Given the influence and popularity of Apple gadgets, such a statement could be a key factor in the massive adoption of cryptocurrencies around the world. And it is worth noting that this would not have been possible without the gradual introduction of the legal regulation of digital assets around the world. In the future, we should expect increased demand for the introduction of cryptocurrency wallets and other digital asset functionality.

A similar opinion was expressed by analysts of the large U.S. bank Wells Fargo. Experts are confident that Bitcoin is on the verge of mass adoption, which will peak in mid-2022. The bank noticed parallels between the adoption of the Internet in the second half of the 90s and the current position of the main cryptocurrency.

Massive adoption, huge investment flows and the confidence of big capital in bitcoin as a long-term asset are the main factors in the global success of the cryptocurrency. And while Bitcoin is in the recovery phase, retail and institutional investors continue to accumulate BTC.