Institutional Accumulation Bitcoin Resilience – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Institutional Accumulation Bitcoin Resilience – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Technology
November 21, 2021 by mvp00
24
Distributed ledger technology has only scratched the surface of its potential, and bitcoin is in many ways bringing these possibilities into the limelight, so much so that it has sparked unprecedented global adoption. Moreover, the growing institutional embrace is a force to be reckoned with, and MicroStrategy’s accumulation is just one strong example of the
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Distributed ledger technology has only scratched the surface of its potential, and bitcoin is in many ways bringing these possibilities into the limelight, so much so that it has sparked unprecedented global adoption.

Moreover, the growing institutional embrace is a force to be reckoned with, and MicroStrategy’s accumulation is just one strong example of the accelerating purchase pace. CEO Michael Saylor has been a strong proponent of corporate balance sheet additions and institutional acceptance, even convincing Elon Musk to add over $1.5 billion of the seminal cryptocurrency to Tesla’s treasury.





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