IOTA (MIOTA) is heavily industry-centric, and that’s a big deal. It’s a big deal because it is industries that will drive up crypto adoption for the best part, not speculators. Large companies have the resources and the leverage to drive the mass adoption of DLTs in society. But it’s not just its industry focus that gives IOTA (MIOTA) an edge in the markets. It is also the fact that it is focused on the most strategic nations for IoT, and that’s Germany.
While China is big on manufacturing, Germany is the world’s true industry powerhouse. It is the home of all major hi-tech companies in all industries, ranging from mobility to advanced robotics, and IOTA seem to have won-over these companies to its side. IOTA seems to have won the hearts of German industry. IOTA is now in partnership with some of the biggest industries in Germany including Volkswagen, and that’s a major plus for its future growth. Once IOTA take over German industry in its entirety, then it will pretty much have become the standard for IoT.
But what’s more interesting is that IOTA (MIOTA) is gaining in acceptance by the German government. Regulations are a critical aspect to the growth of crypto space. This can be seen in the recent decision by Goldman Sachs to shelf its plans for the creation of a bitcoin trading desk, due to lack of regulatory clarity. IOTA’s strong favor in German policy making circles is quite visible in the fact that key IOTA people will be presenting alongside the German Chancellor in November.
The event in question is the annual economic summit between the 12th and the 14th of November hosted by Suddeutsche Zeitung, one of Germany’s biggest newspapers. Some of the key speakers in this event will include the German Chancellor, Jean-Claude Juncker the president of the European commission, and IOTA’s very own Dominik Schiener. The fact that IOTA is presenting in such events is a sign that the German government is in favor of IOTA’s technology, and this could fuel its wider adoption, in the world’s leader of industry and innovation.
With such a strong grounding in technology and politics, IOTA is without a doubt one of the most undervalued cryptos at current prices. That’s because it has a realistic chance of taking over an industry, which by some estimates will be worth at least $5 trillion in the 2020s. By integrating with German industry, IOTA (MIOTA) could take over 50% of the global IoT market. Such a market share could see it test a trillion dollar market cap. What this will do to its price per unit is anyone’s guess. It would easily be worth thousands of percentages above what is worth today.