#MarketRebound

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

Liputan6.com, Jakarta - The year 2024 is noted as an important moment when Bitcoin (BTC) officially transformed into an asset that can no longer be ignored. This achievement is not separate from various monumental events, including the launch of Bitcoin spot Exchange-Traded Funds (ETFs) and 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, garnering attention comparable to other major topics in the United States presidential election. At the beginning of the year, specifically 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 marked a significant turning point, considering that for years the SEC insisted on rejecting similar proposals due to concerns over market manipulation and investor protection.

"This approval reflects a profound shift in 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," quoting research from Nanovest, cited on Monday (1/6/2025).