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

Liputan6.com, Jakarta - The year 2024 is noted as a significant moment when Bitcoin (BTC) officially transformed into an asset that can no longer be ignored. This achievement is closely linked to 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, but Bitcoin has also become a central issue in political dynamics, garnering attention equal 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 had insisted on rejecting similar applications 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 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).