$BTC

Institutional adoption of Bitcoin has received significant momentum from the bold moves of visionary companies. One important moment in Bitcoin's history in 2024 is MicroStrategy's strategic decision.

Liputan6.com, Jakarta - The year 2024 is recorded as an important moment when Bitcoin (BTC) officially transformed into an asset that can no longer be ignored. This achievement is inseparable from various monumental events, including the launch of Bitcoin spot Exchange-Traded Funds (ETFs) and the strategic adoption of BTC by several large companies, even as its price surpassed the psychological threshold of USD 100,000.

Not only that, Bitcoin has also become a central issue in political dynamics, gaining attention equal to other major topics in the United States presidential election. At the beginning of the year, specifically in January 2024, the financial world was shaken by the decision of the U.S. Securities and Exchange Commission (SEC) to approve the launch of 11 Bitcoin spot ETFs.

This move became a significant turning point, given that for years the SEC had insisted on rejecting similar applications on the grounds of concerns over market manipulation and investor protection.

"This approval reflects a profound change of attitude from regulators, which not only opens the door for billions of dollars in liquidity to flow into the crypto market but also strengthens Bitcoin's legitimacy as an asset class," quoted from Nanovest research, cited Monday (6/1/2025).