• Bitcoin and other cryptocurrencies have made major strides towards legitimacy in the eyes of regulators, governments and mainstream investors

  • The natural next stage in this evolution is listing cryptos on regulated stock exchanges

  • An investor pilot to trade regulated, 100% insured BTC and ETH is now under way. Sign up now and start trading!

By: Jai Waterman, Chief Enterprise Architect

Bitcoin, Ethereum and other cryptocurrencies have made major strides towards legitimacy in the eyes of regulators, governments and mainstream investors, having come a long way from their origins as a barnstorming disruption to the status quo.

Actual footage of how mainstream investors see the crypto community. via GIPHY

Increasingly, traditional financial institutions are beginning to embrace cryptocurrencies and reign in some of the risks that have given cautious investors pause (Mt. Gox, Quadriga, the Bitfinex-Tether fiasco, the skepticism surrounding Facebook’s Libra project, etc). Forget the bitcoin obituaries that pundits like to write in the wake of these stories. Bitcoin regulation and widespread acceptance by financial institutions promise to tame the Wild West, making it safer and more attractive for cautious investors to include crypto as part of a healthy, balanced portfolio.

An incomplete history of just who accepts bitcoin, anyway

The number of venues such as stores and cafes accepting bitcoin has grown from just under 3,000 to nearly 15,000 (as of May 1, 2019) since December 2013, for over 702% growth overall (Source: CoinMap.org). Tiny when compared to the total number of venues around the world, but pretty impressive for a currency that’s younger than the Marvel Cinematic Universe.

Still, when you look at a map side-by-side comparison of global acceptance prepared by Ryan Radloff, the CEO of digital asset management firm CoinShares, it’s hard not to feel at least a little excited:

Map showing what merchants accept bitcoin in 2013 vs 2018.

And if that isn’t enough, over the past 10 years we’ve seen a distinct track towards widespread approval of cryptos by governments and financial institutions even as they continue to weigh the bitcoin pros and cons:

Timeline of Crypto Acceptance

  • October 31, 2008 - Bitcoin Whitepaper

  • May 22, 2010 - First bitcoin transaction purchasing two pizzas for 10,000 BTC

  • June 2012 - Coinbase launches, working with governments to support fiat-to-crypto trades

  • September 2012 - Ripple launches, finds adoption with major banks for global remittances

  • December 11, 2014 - Microsoft begins to accept bitcoin payments

  • April 2015 - Goldman Sachs enters bitcoin market, invests in Circle

  • June 2015 - BitLicense established in New York State

  • October 2015 - Gemini exchange launches, providing coverage from the US Federal Deposit Insurance Corporation

  • June 2015 - Barclays becomes first bank to allow bitcoin, enabling charities to accept crypto donations

  • December 2017 - Bitcoin futures launch and gain regulatory approval

  • May 2018 - BMV in Argentina becomes first bank allowing customers to make international payments in bitcoin

  • April 3, 2019 - Jamaica Stock Exchange, in partnership with Blockstation, becomes first to list regulated and 100% insured BTC and ETH

>>>>>>Sign up to trade 100% insured crypto<<<<<<

Looking into the crystal ball of crypto

The next stage in the evolution of crypto acceptance has already begun: adoption by traditional regulated stock exchanges and licensed brokers. Along with other FinTechs like Bakkt, Blockstation aims to bring crypto (and digital assets like STOs) to the mainstream investor ecosystem.

The result? More investment opportunities for investors everywhere, adding liquidity and volume to crypto markets while working with regulators to provide the same level of consistency, protection and safety that have supported the success of traditional stock markets for generations.

How mainstream investors would view the crypto community with regulations and insurance. via GIPHY

What do you think? Will acceptance and adoption by banks, stock exchanges and governments spur the next crypto spring? Let us know on social media using the hashtag #Blockstation!

And in the meantime: