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Q: Bitcoin is getting more acceptable due to the institutional investor and hedge fund. Some companies have adopted it as a new treasury management system, and some public companies has even used it as the means of exchange. For example, in Aug 2020, business intelligence company MicroStrategy exchanged 425 million U.S. dollar cash reserve for Bitcoin. The management of the company believe, Bitcoin will yield more than cash in the future. Many companies are following suit, so that credit put on bitcoin as a hedge is increasing as well. On Feb 8, 2021, Tesla said it had invested 1.5 billion U.S. dollar in Bitcoin and would soon take it as a means of payment for buying its products. But there are also many people share the idea with Jack Dorsey, CEO of Twitter, that bitcoin will be the only currency in the world. As a kind of virtual currency with over 1 trillion U.S. dollar market value, Bitcoin is definitely not a gadget to be trifled with. klingt das natürlich?
A: × Bitcoin is getting more acceptable due to the institutional investor and hedge fund.
Bitcoin is getting more acceptance due to institutional investors and hedge funds.

× Some companies have adopted it as a new treasury management system, and some public companies has even used it as the means of exchange.
✓ Some companies have adopted it as a new treasury management system, and some public companies have even used it as the means of exchange.

× For example, in Aug 2020, business intelligence company MicroStrategy exchanged 425 million U.S. dollar cash reserve for Bitcoin.
✓ For example, in August 2020, the business intelligence company MicroStrategy exchanged 425 million U.S. dollars for Bitcoin.

× The management of the company believe, Bitcoin will yield more than cash in the future.
✓ The company management believe that Bitcoin will yield more than cash in the future.

× Many companies are following suit, so that credit put on bitcoin as a hedge is increasing as well.
✓ Many companies are following suit so credit put on bitcoin as a hedge is also increasing.

× On Feb 8, 2021, Tesla said it had invested 1.5 billion U.S. dollar in Bitcoin and would soon take it as a means of payment for buying its products.
✓ On Feburary 8, 2021, Tesla said it had invested 1.5 billion U.S. dollars in Bitcoin and would soon take it as a means of payment for buying its products.

× But there are also many people share the idea with Jack Dorsey, CEO of Twitter, that bitcoin will be the only currency in the world.
✓ There are also many people share the idea with Jack Dorsey, CEO of Twitter, that bitcoin will be the only currency in the world.

× As a kind of virtual currency with over 1 trillion U.S. dollar market value, Bitcoin is definitely not a gadget to be trifled with.
✓ As a kind of virtual currency with over 1 trillion U.S. dollars of market value, Bitcoin is definitely not a gadget to be trifled with.

Q: Bitcoin is now over $4,000. When it was about $2,000, I opened my account for bitcoin. I thought it would be efficient for exchanging currency like yen to dollars. I had trouble with opening the account in Japan while I was in US, so I gave up using it. I learned later that exchanging cost was not cheap even if I use bitcoin. There was another reason I gave up using it. I read a blog criticizing the virtual currency. It explained that the virtual currency was not valuable enough to keep its worth. Technology of it was not so difficult and everyone can copy the business idea. The price was going up because people were gambling with it. If so, the price would go down drastically after the gamblers lost their interest on that investment. So I decided I would not participate in having bitcoin. One of my old friend introduce bitcoin n to me recently. I said strongly that we cannot invest on bitcoin, it is gamble. Of course I have some feelings of regret. My investment were more than double if I got bitcoin some months ago. klingt das natürlich?

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