Bitcoin is currently accepted as a type of payment via both PayPal and Visa. Frank Holmes, Chief Executive Officer of UNITED STATE Global Investors said that this was the result of increased adoption.
" I assume this fostering procedure is increasing," Holmes claimed. "Metcalfe's regulation states that as adoption increases, you get these exponential relocate the underlying crypto."
0:00 – Bitcoin as accepted type of settlement
2:44 – Metcalfe's Law
6:38 – Bitcoin as a form of repayment
9:44 – Various other cryptos as a form of repayment
11:14 – Effect on price
13:15 – Measuring rising cost of living
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