Although it has not yet been confirmed, Walmart investing a large sum of money in Bitcoin is thought to be inevitable, and the ripple effect this will cause is enormous.
While it is true that several multi-millionaire companies have already invested in bitcoin and other cryptocurrencies, the case of Walmart is completely different because of its highly mainstream nature.
Even though the average person today might not be familiar with even the basics of bitcoin and the world of crypto, an investment company such as Walmart will ultimately put bitcoin in the public spotlight.
Present in 24 countries around the world, Walmart adding $1 billion worth of bitcoin to its balance sheet might be the start of a global monetary paradigm shift, which some argue is long overdue.
One of the actions which could kickstart this ripple effect is Walmart offering its employees the option to get paid in bitcoin. The cryptocurrency would experience an enormous rise in circulation, taking into consideration that Walmart currently employs 2.2 million people all over the world.
By putting in cash reserves, pricing goods, services, and paying its employees in bitcoin, Walmart holds a unique power to single-handedly create a circular bitcoin economy.