Cryptocurrency: How the Institutional Investment all Start in the Market?

If you are yet to update around the idea of Cryptocurrency, you have missed something big. As per reports, around 15 per cent of the US citizens could win big with digital coins like BTC and ETH. A good amount of investors can now bring in the past two years in a big way. Irrespective of the investment option, one can find too many possibilities regarding the digital coins that have impacted the coming future of business transactions. We have seen a good growth of the e-commerce industry in a big way with several digital coins in the market. Here, we will discuss how digital currency will change the course of the market in the coming future. Meanwhile, if you are looking to explore in detail the same, you can check on the sites like  crypto revolution app. 

Crypto and Institutional Adoption

Many came forward to invest in Bitcoin and other digital coins. We will be looking at the big players who invested in Bitcoin or went for an instructional investment.  

MicroStrategy – 3.57 B USD in Bitcoin

The first time we saw the writing coming on the wall about digital coins entering the market with institutional investment was when M Saylor, the CEO of MicroStrategy, publically supported the popular coin – BTC. The company came into the market way back in 1989 in the market, and it had a massive capital in terms of excess amount of reserves. Saylor was quick to comment against the alarming rise of digital coins in the market. However, with time things changed, and he also was seen saying just the opposite when he said that Bitcoin was superior and more robust to cash. Soon this raised eyeball against him, but he continued working with it. So far, the company has invested around 3.57 B USD in Bitcoin, which is enormous.  

Tesla – 1.5 B USD in BTC 

The next big player is the electric auto industry called Elon Musk. He owns Tesla, and he is regarded as the TechnoKing of the said company. He made too many headlines as far as Bitcoin is concerned. He is the one who has created the meme coin called Dogecoin that went viral on the web. Also, he is a leader in many ways and has helped many more companies to unleash the same power. The company invested around 1.5 Billion USD in Bitcoin and thus competed with Saylor, who also invested big in Bitcoin. Recently, we have seen Tesla announce that their customers choose to pay in Bitcoin or any other digital currencies.

PayPal the early bird in Bitcoin 

Like the above two companies, we also saw the world’s largest payment platform, PayPal, invested hugely in Bitcoin. The company has remained a leader in virtual transactions, emerging as the most significant third party player globally. As the company has a history of making all the transactions straightforward, we see more and more people using it for their virtual money transactions. Owing to this, it has crossed different borders as well. Recently, the company was seen rolling down its idea to invest big in Bitcoin. Now, the company has allowed its customers to transact in digital coins, including BTC, ETH, LTC and BTC Cash, to name a few. Although most digital currency lovers seemed to have slammed PayPal for not allowing the users to transfer their coins for carrying out to the private wallet, it has become popular. One of the key features that you can enjoy is the right step that has gone ahead in the right direction.

Visa and Master Card Join the bandwagon. 

We have seen how two more players in the industry called Visa and MasterCard are also joining the bandwagon of digital coins. They are known players when it comes to handling money. They were also quick to endorse the BTC use in the market. For instance, the Visa is regarded as the best bet for transactions with the help of stable coins using the ETH based technology Blockchain. On the other hand, we have MasterCard also following the same thing when they announced that the customers now can transact in Bitcoin and other digital currencies in the market. Hence with two more prominent players in the market, we see the idea of adopting Bitcoin and other digital coins has got a big boost. It is now fair to say that Bitcoin and other virtual coins have good support within and outside the market.