Newsweek, one of the largest American weekly news magazines, has taken a positive spin on Bitcoin (BTC) in a recent article that explores whether the digital asset tin can become the new gold standard.

The article, which appeared on Wednesday, dissects the digital gilt narrative using JPMorgan Hunt'southward latest model showing a potential BTC price of $146,000. Although the commodity presents little new data for crypto enthusiasts who have been charting Bitcoin'south meteoric rise, it provides more validation that the mainstream narrative surrounding cryptocurrency has inverse.

"All that glitters is not gold—but it might be Bitcoin," wrote Scott Reeves. "And in the long run, it might be more valuable."

That's the message that appeared earlier Newsweek's readership, which is pegged in the tens of millions, many of whom take never been exposed to Bitcoin.

Earlier this week, Bitcoin graced the front folio of the Financial Times — on the 12th anniversary of genesis block, no less — offering further evidence that the mainstream tin no longer ignore BTC.

In the meantime, more investors are flooding the market, every bit evidenced by the sharp rise in agile addresses and growing interest from corporations and major institutions.

New adopters are entering Bitcoin for the long run, possibly for the side by side 3 to five years at least, co-ordinate to podcaster Peter McCormack. Sonny Singh, BitPay's principal commercial officeholder, shares that sentiment, just recently argued that some other surge in BTC price could pb to institutional turn a profit-taking.

Google search trends propose that retail FOMO, or fear of missing out, is ramping up in the new year — a potential forerunner to college prices in the short term.

Google searches for the word "Bitcoin" in the U.s. by Google

Searches for the word "Bitcoin" were tame during final year's uptrend when compared with the bull marketplace of 2017. Once once again, this suggests that Bitcoin's least resistant path could be higher.

It remains to be seen whether retail'due south understanding of Bitcoin is improving or whether people are paying attending just because of price appreciation. In either case, Bitcoin's value proposition is no longer relegated to obscure and esoteric corners of the cyberspace.