while some sound the alarm for a Cryptocurrency Advances to the Mainstream bubble, those deep in the space view crypto as an inevitability61 Remember all of those prior headlines focused on shady crypto mining operations, criminals pursuing nefarious transactions, and sketchy token schemes? Now fast forward past the last 昀椀ve years of peaks and troughs. Cryptocurrencies have moved from an expert fringe interest to a market sensation that we think will continue to grow in legitimacy and is likely to grow exponentially. Bitcoin and Ether hit an in昀氀ection point of acceptance in 2020 and blockchain technologies became integrated into many operational functions. As of November 2020, the number of private addresses on Bitcoin reached an all-time high of 25.6 million58. The level of dai- ly active addresses reached 1.4 million in April 2021, highlighting the more active engage- ment within the network59. We are also seeing the percent of Bitcoin supply being held for longer periods of time. Note: This is just one person’s opinion, not representative of the whole and should not be taken as an endorsement of these views bitcoin price over time60 Bitcoin Price $622B+ $80k Market Cap $60k $40k $20k $0.00 2014 2015 2016 2017 2018 2019 2020 2021 We believe as the market matures, we are moving away from speculation being the main driver of the market for consumers. Apps that enable consumers to hold crypto as a store of value are becoming so sophisticated that consumers can now buy crypto with a quick credit card transaction. Moreover, stablecoin wallets are in demand not only with consumers, but with institutions as well. CRYPTOCURRENCY ADVANCES TO THE MAINSTREAM SHARE VISIT PG 40
