No matter where you stand on bitcoin, we can agree on one thing: It’s polarizing. Some investors believe it’s the way of the future and others think it’s a scam.
However, it’s gaining popularity. It’s likely that the coronavirus pandemic accelerated its acceptance by pushing more retail online. Now, more than one-third of small- and medium-sized businesses will now take bitcoin as payment. And even bigger businesses like Microsoft are starting to accept it. Also, fans of bitcoin see it as a safeguard against inflation. And since the Federal Reserve has been printing money left and right, some are getting nervous about the future of the dollar.
