The XBT Acronym Could Indicate Acceptance of Bitcoin

XBT The Bitcoin community prefers to use BTC as their acronym, while the mainstream markets have coined the acronym XBT for use in the established financial setting. This seemingly conflicting position for BTC and XBT seem to imply that Bitcoin, which has become very popular in recent times, is a currency to watch because it could become a very significant player in the dominant financial markets. The two terms, BTC and XBT have the same meaning although with different backdrops and alternate significance.

Why the Interest in Cryptocurrencies

The term cryptocurrency is actually very new and not many people had heard about it or knew what it meant or stood for. That is until the price of Bitcoin made a dramatic rise. This also meant that people were more interested in the currency in a greater degree. Today, everyone is interested in learning more about cryptocurrencies.

Most people are interested in Bitcoin although there is also huge interest in other currencies such as Ethereum, Ripple, and Litecoin. With the dramatic rise in value of the cryptocurrency in the market, more naysayers began changing their minds. This could be one of the reasons why the shift from BTC to XBT has taken place in mainstream financial setups. Continue reading