List of Flash News about retailers accepting Bitcoin
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2025-05-24 17:54 |
Bitcoin Payments at Retailers: Do Merchants Like Steak 'n Shake Hold BTC or Convert to Fiat? Trading Implications Analyzed
According to Samson Mow (@Excellion), many merchants accepting Bitcoin payments do not necessarily retain BTC, but often convert it to fiat currency, raising questions about the actual impact on the crypto market. This distinction is crucial for traders, as widespread conversion to fiat reduces long-term Bitcoin demand and can impact BTC price stability. Monitoring how major retailers like Steak 'n Shake handle received Bitcoin payments could provide valuable insights into true crypto adoption versus surface-level marketing, directly affecting market sentiment and trading strategies (source: Twitter @Excellion, May 24, 2025). |