While Bitcoin (BTC) remains the largest token by market cap, there are actually other cryptocurrencies that have eclipsed it in terms of trading volume. However, when speaking of mainstream acceptance from businesses and institutions, Bitcoin is easily the most accepted coin out there. Fortune 500 companies are starting to accept Bitcoin as payment, the most recent of which being Tesla. Big banks like Goldman Sachs and JP Morgan, which previously were bearish on crypto, are now offering Bitcoin products to their clients. Even before 2021, you could find Bitcoin ATMs littered across most major cities in North America and Europe.
With several Bitcoin ETFs looming on the horizon, awaiting regulatory approval, expect the institutionalization of Bitcoin to continue.
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