Part 2/10:
Bitcoin and cryptocurrencies have transitioned from the margins to become a focal point in the financial market debate. Major banks, asset managers, and corporations have begun to dive into the world of cryptocurrencies. A pertinent example is the firm formerly known as MicroStrategy, now rebranded simply as Strategy. This company has made consistent weekly acquisitions of Bitcoin and currently holds over 500,000 BTC.
Furthermore, countries like Bhutan have begun mining Bitcoin, already accumulating almost 9,000 BTC. In El Salvador, the government adopts a dollar-cost-averaging strategy, purchasing at least one Bitcoin daily to bolster its strategic reserve. These moves by companies and nations signify a growing acceptance and enthusiasm for Bitcoin as a financial asset.