The cryptocurrency market, especially Bitcoin, is increasingly approaching the status of a mainstream financial asset. From large investment funds to governments, the wave of crypto acceptance is spreading. However, many organizations and companies remain cautious – and sometimes outright opposed.
In the U.S., the debate about Bitcoin has entered the political arena. Recently, the city auditor #NewYork – Mr. Brad Lander – publicly opposed Mayor Eric Adams' proposal to issue city bonds backed by Bitcoin. He called it "a financially irresponsible idea that could violate the law." This not only reflects differing views on crypto among authorities but also indicates that Bitcoin has now become a part of election campaigns and local politics.
In the corporate sector, the divide is also very evident. Shareholders of Meta (#Facebook ) recently voted overwhelmingly against a proposal to incorporate Bitcoin into the company treasury, with less than 1% in support. Previously, Microsoft also had similar results. Meanwhile, Tesla, MicroStrategy, and many large financial institutions are actively holding Bitcoin as a long-term reserve asset.
This raises a big question: is crypto mature enough for tech giants like Meta, Amazon, or Microsoft to trust? Or are they still waiting for a more stable market, clearer regulations, and less risk?
Despite ongoing controversies, it is undeniable that Bitcoin and crypto are gradually making their way into the traditional financial system. The question is no longer "whether to accept it," but rather "when will it be accepted?"
Note: The cryptocurrency market is highly volatile and carries many risks. This article does not constitute investment advice. Always consider carefully before participating. #anhbacong