Bitcoin institutional adoption in the world is inevitable

Applying game theory with a global vision, assuming that countries and cities compete with each other, the Bitcoin adoption of is inevitable.

From Belobaba’s AI division Subutai, we monitor hundreds of digital media from all around the world. Last 10 days we compiled 40.030 news related to Bitcoin.

Those who follow the crypto world more closely will have the feeling that more and more governments are taking unequivocal steps towards the adoption of this technology. But in Subutai, sensations are not worth it. We try to confirm or deny the different trends with objective data.

That is why we have built this map. We filtered 34 news, the last most relevant related to institutional adoption of Bitcoin.

During this period, there were 34 highlighted news, and only 4 of them had a negative meaning (such as Biden proposing crypto regulation as national security, Kazakhstan cutting power supply to miners or the IMF threatening El Salvador).

On the other side, we found governments like Thailand (23rd economy in the world) that proposes their acceptance, Putin supporting them after its Central Bank proposed to ban them or cities like Rio de Janeiro that will put 1% of it’s treasury into crypto. Also in the US where states like Mississippi, Colorado, Texas or Arizona registered adoption proposals. Or politicians who began to receive their salary in crypto, such as the New York mayor, the Belgian PM or an European parliamentarian. We also added some news of financial institutions adoptions (Flushing Bank, Five Star Bank or Goldman Sachs statements) to complete the picture. All this in just one week.

Unthinkable one year ago.

The question is, in a hyperconnected and globalized world where governments and countries compete with each other, how long can a government ignore this revolution? Because every day, your competitors take better positions and further distance from you.

Bitcoin institutional adoption seems inevitable.