It’s been a big week for cryptocurrency. First, a new fund was announced that will invest $4.5 billion in digital assets. The fund is being backed by some big names, including Fidelity Investments and Soros Fund Management. This is a big vote of confidence in the future of cryptocurrency.
Second, a new study found that Bitcoin mining is becoming less and less difficult. This is good news for miners, as it means they can continue to profitably mine Bitcoin for the foreseeable future.
Lastly, a new report from the OTC Markets Group found that non-fungible tokens (NFTs) are becoming increasingly popular. NFTs are a type of cryptocurrency that can represent digital or physical assets. They’re unique and can’t be replicated, which makes them perfect for things like art or collectibles.
These three stories show that cryptocurrency is continuing to gain mainstream adoption and acceptance. With more big investors getting involved and more use cases for NFTs being found, it’s clear that cryptocurrency is here to stay.