Bitcoin and Ethereum are also on the radar of institutional investors
Companies have accelerated their purchases of Bitcoin and Ethereum due to factors such as the establishment of legal regulations regarding cryptocurrencies and governments making crypto-friendly decisions.
Corporate entities have gained momentum in their investments towards assets like Bitcoin and Ethereum as the approach of governments towards cryptocurrencies has changed.
The establishment of legal regulatory steps towards cryptocurrencies in the US and many countries has directed companies towards these assets.
Especially after Donald Trump was elected president in the US, his constructive stance towards cryptocurrencies positively affected the approach of companies.
Additionally, the approval of Bitcoin and Ethereum for exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has made it easier for companies to invest in these assets.
#ETHCorporateReserves #BNBATH #US-EUTradeAgreement #BTRPreTGE #US-EUTradeAgreement
