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


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.

While bitcoin enthusiasts may view the development as contradicting their perception of decentralization, in many ways, greater institutional embrace may actually strengthen bitcoin’s appeal, and in time, its resilience. What may be lost on the decentralization and inclusivity champions is bitcoin’s still-steep learning curve preventing their vision from fully materializing. Institutional investors may – surprisingly – hold the key to unlocking its potential by promoting better asset custody methods, the Achilles’ heel of the current wallet structure.

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