Bitcoin Goes Mainstream as Skeptical Dad Finally Buys His First BTC
A Reddit user shared how his father, who dismissed Bitcoin as a scam in 2017, called him yesterday asking how to buy BTC. The father’s change of heart was driven by recent corporate moves—over 100 companies now hold more than 830,000 BTC—and regulatory milestones such as the 2024 U.S. approval of spot Bitcoin ETFs. The user guided his dad through setting up a wallet and making a small purchase, highlighting how Bitcoin’s steady price recovery and growing institutional adoption are reshaping public perception. This anecdote underlines Bitcoin’s evolution from fringe asset to mainstream digital gold and underscores the importance of staying humble and accumulating BTC for the long term.
Bullish
The anecdote demonstrates growing retail confidence and mainstream acceptance of Bitcoin, amplified by significant institutional adoption—over 100 companies holding 830,000 BTC—and regulatory approvals like U.S. spot ETF clearance. Similar to previous ETF-driven rallies, these developments boost demand, improve liquidity, and signal a long-term bullish trend. Increased public awareness and corporate reserves tend to support price stability and upward momentum both short-term and long-term.