$BTC

Institutional adoption of Bitcoin has received significant impetus from the bold steps 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 major companies, even as its price surpassed the psychological threshold of USD 100,000.

Not only that, but Bitcoin also became a central issue in political dynamics, receiving attention equivalent 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 step became 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 change in attitude from regulators, which not only opens the door to a flow of liquidity worth billions of dollars into the crypto market but also strengthens Bitcoin's legitimacy as an asset class," quoting research from Nanovest, quoted Monday (6/1/2025).