Image using chatgpt
I haven't been paying much attention to the price of Bitcoin in the month of May but I took a good look at it and I was shocked. Bitcoin keeps breaking its own record.
Bitcoin hit a record high of $111,886.41 on May 22 and it has dropped a little bit but still looking good and we'll above $100K. What makes this so powerful is that, it is not exactly just the price of Bitcoin that has risen, it's also people's trust in the coin.
When you ask me, I'm not looking at Bitcoin per say. I'm looking at the ripple effect it has on the entire Blockchain industry. It's more like when Chatgpt came. Because it got more adoption, other similar tools like Grok and Google Gemini also got more popular. That's the ripple effect I'm talking about.
Indeed, it's never too late to invest in Bitcoin but when you're looking for crypto that can give you the biggest yields, there's more tokens out there.
What is the effect of a worldwide Bitcoin adoption on the Hive Blockchain? Well people will start to consider other Blockchain systems and bump into Hive. We may get a lot of new users coming in without even paying for ads or doing any form of referral work. It's going to be like a plane on autopilot.
It's also similar to when you have a YouTube channel and one video goes really viral. As long as most of your videos have good content quality, you'll start to see the rest go up. There's been channels that had one video go viral, it created a ripple effect on the other videos and one related video got even more exposure than the initial video that went viral.
This could pretty much be the case for cryptocurrency. So I've not got my eyes on Bitcoin, I've got my eyes on what it can do for the other crypto projects. We hope this rise continues and I'm seeing a lot of big industries get skin in the game so it's a matter of time before they incorporate it into their platforms and more people adopt naturally.