Lark Davis: Some big players are making some serious moves

A popular cryptocurrency blogger, trader and analyst believes that now is the right time to hold cryptocurrencies long-term as more companies enter the market. Lark Davis listed several major companies driving digital asset adoption on a global level.

First on the list was BlackRock, which manages $10 trillion in assets. Last August, BlackRock launched a Bitcoin spot investment fund through a partnership with US-based crypto exchange Coinbase. In second place was the Mastercard payment system, which began to cooperate with the Immersve payment protocol to launch payments in Web3.

Davis also mentioned payment giant Visa, which is working with WirexApp to issue crypto-currency cards for US customers. The analyst specifically noted that Visa is promoting the product in the Asia-Pacific region and the UK, and the card will be available in more than 40 countries. The trader did not ignore Meta, which chose the Polygon blockchain to introduce non-fungible tokens (NFTs) on Instagram. This blockchain has also been used by Nike and Starbucks to launch collectible tokens.

Lark Davis also mentioned Amazon, Microsoft and TencentGlobal, which have partnered with cryptocurrency projects to develop the metaverse and Web3. 

"Don't let the bear market fool you. Corporate crypto adoption is happening. Some big players are making some serious moves,"

Davis hopes.

At the start of the year, a cryptocurrency analyst speculated that Ethereum could overtake Bitcoin as the number of Ethereum holders rose significantly last year.