Placeholder co-founder Chris Burniske says the mainstream has forgotten about bitcoin. However, that’s not something to be upset about — it’s a normal phase of crypto’s development into a market-ready technology.
Burniske likely refers to the media outlets who have stopped reporting on the crypto industry and also to mainstream investors disheartened by the so-called Crypto Winter. Many also hoped bitcoin and the cryptocurrency market would see a huge trigger for new adoption. The anticipated bitcoin ETF approval by the U.S. Securities and Exchange Commission (SEC) hasn’t happened yet. Institutional money inflow hasn’t accelerated as expected, and retailers are still holding back their acceptance.