Google finance has added the ‘crypto’ tab in its finance.google.com domain. It is a mark of crypto’s inclusion in mainstream finance.
The crypto tab in the ‘compare market‘ category lets you compare the prices of stock and currency markets. When a Google Finance user clicks on the ‘crypto’ tab, prices of Bitcoin (BTC), Ether (ETH), Litecoin and Bitcoin (BCH) appear in the drop-down menu.
Google has previously been very hard on crypto-related products and services. Alphabet, the parent company of Google, has multiple times suspended, banned or removed crypto-mentioning content from Youtube. However, it seems the wave of embracing crypto has reached Google as well.
The digital asset class is worth $1.4 trillion at the moment. It is very small in size as compared to the stock market. Nonetheless, the value of the cryptocurrency spike instantly. This can bring a surge in the overall value of the market. For instance, the crypto market cap hit $1.7 trillion in February before a pullback brought the prices down.
Institutions Adopting Crypto:
Wall Street’s interest in crypto is growing rapidly. Tesla, Microstrategy, and Square Inc. bought a massive amount of bitcoin in the past month. Even now when the price of bitcoin is around $10,000 below its all-time high, institutions are laying their hands on BTC.
Also Read: Bitcoin Is Grabbing Attention of Wall Street
Banks and Financial service providers like Mastercard are also planning to jump in the boat of cryptocurrency. The crypto arena looks promising. Evidently, Google finance has seen the potential of digital assets. Thus it is giving them the same place as the other assets.
Governments and authorities are exceedingly looking into crypto regulations. The calls for such regulations will only grow following the heating up of the bull market.