Week in review: May 14, 2021 – Crypto Going Mainstream

Written by Robby Ramos
on May 18, 2021

With over 17% of adults in America owning Bitcoin, crypto is going mainstream. More and more people are looking for ways to integrate crypto into their financial plans, sports teams are looking at crypto as the new sponsorship partner, and why has Tesla pulled Bitcoin as payment? Read the weekly round up below.

46 Million Americans Now Own Bitcoin, as Crypto Goes Mainstream

MSN Money: May 12, 2021

About 46 million Americans now own at least a share of Bitcoin – that equals about 17% of the adult population. And some of those people are looking to integrate the cryptocurrency into their personal financial plans – including their life insurance. ALT 5 Pro is one of the leading crypto exchange to invest with.

Goldman Sachs Banker Quits After Making Millions on Cryptocurrency

CNBC: May 14, 2021

Aziz McMahon, Goldman’s managing director and head of emerging market sales in London, quit after making millions of pounds from a bet on the digital currency ether, three former employees at the investment bank told CNBC.

46 Million Americans Now Own Bitcoin, as Crypto Goes Mainstream

Business Insider: May 13, 2021

Elon Musk shocked the crypto world on Wednesday night when he announced that Tesla would no longer be accepting bitcoin as payment, because its “insane” energy use threatens the environment.

Musk’s options include ether, which is overhauling its system, and meme token dogecoin.

46 Million Americans Now Own Bitcoin, as Crypto Goes Mainstream

Decrypt: May 14, 2021

For months, MicroStrategy CEO Michael Saylor’s huge acquisitions of Bitcoin have been overshadowed by Elon Musk, the Tesla and CEO of SpaceX who disclosed purchases of billions of dollars in Bitcoin earlier this year. But when Musk turned his back on Bitcoin this week, citing environmental concerns, the price crashed. So Saylor seized the opportunity to buy the dip.

IndyCar 500 Racer to Drive in Bitcoin Livery

Decrypt: May 14, 2021

Tesla may have fallen out of love with Bitcoin, but there’s one car still carrying the flag for the world’s largest cryptocurrency. Later this month, Ed Carpenter Racing driver Rinus VeeKay’s No. 21 Chevrolet will take to the track in the 105th Indianapolis 500 sporting Bitcoin livery.

46 Million Americans Now Own Bitcoin, as Crypto Goes Mainstream

Coindesk: May 6, 2021

The crypto exchange is sponsoring the Coppa Italia final between Atalanta and Juventus on May 19. Announced Thursday, the partnership with Lega Serie A is the first such agreement between a professional soccer league and a crypto platform.

Ark Financial’s Crypto Expert Sees Dogecoin Washout, Bitcoin Rivaling Gold

BNN Bloomberg: May 12, 2021

As day traders and Wall Street pros strive to make sense of it all, Yassine Elmandjra, crypto analyst at Cathie Wood’s Ark Investment Management LLC, is focused on what the sector represents for him: a new paradigm for transferring and preserving wealth, with Bitcoin and Ether at the vanguard.

Bitcoin ‘Held Up Very Well’ Despite Biggest Exchange Inflow Since March 2020 Crash

Cointelegraph: May 13, 2021

Bitcoin saw a real test of its market composition on Thursday amid a sea of liquidations reminiscent of the events from last year. Data from on-chain monitoring resources CryptoQuant and Glassnode shows that BTC exchange inflows hit a one-year high on Thursday.

Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.