by Rushali 
Most of the experts believe in the crypto industry, that when the institutions will enter the market then the industry will go to another level.
In the year 2018-2019, there was no institution that came into the market except Fidelity Digital Assets whose CEO has always been very interested in bitcoins.
It’s only in 2020, that some of the big market players have started getting into the market. From last few bitcoins have reached from$20000 to above $30000, and it is fueled at least partly by the institutions.
In Aug last year, a piece of news came that a tech company Microstrategy is going to invest around $250 million in bitcoins. And by Sep, the actual amount came that was over $400 million.
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In some months the man behind this move Michael Saylor had said that by looking at the financial condition of our country in this Covid times leaving my company’s reserves in USD is like ‘sitting over a melting ice cube.’
And they are still accumulating BTC, recently they have again acquired 10 million BTC.
This move will itself validate the store value that BTC has gathered in recent times. And it will create another set of demands for the crypto industry. But for being it a mainstream strategy and corporate America shift, more companies are needed to follow this strategy.
Michael Saylor and MicroStrategy are hosting a two-day “Bitcoin for Corporations” event. And over 1400 corporate leaders have signed up. In which they will have the following events :
On the first day, they will have an overview of bitcoin’s corporate strategy. After that, they have several practical strategies like legal considerations. The interesting part is that they are open-sourcing all the documents.
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On the second day, they will have a real company’s CEO which includes Grayscale, Fidelity, Galaxy, etc to talk about what they do in this matter.
Now, we have to watch out for what this two-day event gets us.
