Course 1: BitcoinAwesome!

Key factors influence its price

2. Institutional Recognition and Adoption
Institutional adoption means that there are increasing numbers of established industry giants (like Paypal and Tesla) who are eager to open up their large user bases to Bitcoin.
Bitcoin has proven itself as a viable currency, and now large companies are storing Bitcoin in their treasuries as a hedge against inflation during crises. All this means is that Bitcoin is being recognized and, more importantly, adopted by large institutions around the globe.
Institutional adoption:
When big corporations and government institutions store large amounts of Bitcoin as a hedge against inflation.
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