Bitcoin Takes Another Huge Leap Towards Mainstream Acceptance

Bitcoin has been taking giant strides towards mainstream acceptance over the last couple of years, boosted by its bull run last year that made Bitcoin and cryptocurrency household terms — and now Bitcoin has been given a badge of approval reserved for only the most important new technologies.

Bitcoin has been added to the Merriam-Webster Scrabble dictionary, many people’s go-t0 source for Scrabble approval (though official Scrabble tournaments use a different list that includes offensive words as well as words up to 15 letters long).

Bitcoin is just one of a whopping 300 new words have been added to Merriam-Webster’s Official Scrabble Players Dictionary. (Photo by Oli Scarff / AFP) / Getty Images)

This is the latest signal that Bitcoin is penetrating the global consciousness, which could in turn mean a fresh wave of investment into cryptocurrenices as more people become aware of Bitcoin and its peers.

Last month Bitcoin was mentioned on U.S. rapper Eminem’s latest album “Kamikaze” — a sign that Bitcoin is slowly penetrating to different levels of society and out of the financial, fintech bubble it’s existed in for the last 10 years.

Public awareness has been a major driver of the Bitcoin price, which last year ballooned to almost $20,000 from around $1,000 per coin at the beginning of the year. The Bitcoin price has since fallen back, dragging most other major cryptocurrencies with it, and is now trading at around $6,500.

Last year’s bull run meant a raft of Bitcoin mentions in film, TV, and music as producers both praised and attacked the digital currency — that made many overnight millionaires and brought on the ire of the established financial industry.

Google searches for Bitcoin peaked in December last year.Google

Four years after the last refresh, Merriam-Webster released the sixth edition of “The Official Scrabble Players Dictionary” yesterday.

Some of the other words added alongside Bitcoin, many of which sure to cause frustration and arguments amongst family members and friends, are: ‘Ew,’ ‘bizjet’, ‘aquafaba,’ ‘facepalm,’ ‘hivemind,’ ‘macaron,’ ‘yowza,’ ‘beatdown,’ ‘zomboid,’ ‘twerk,’ ‘sheeple,’ ‘wayback,’ ‘bokeh,’ ‘frowny,’ ‘puggle,’ ‘nubber‘ and, one we’ve all be waiting for: ‘OK’.

At the beginning of September Merriam-Webster added 800 new words to its flagship English dictionary, including: ‘TL;DR,’ ‘instgramming,’ ‘fintech,’ ‘biohacking,’ ‘rando’ and ‘bingeable.’

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