After buying Bitcoin, you might be wondering where to store them. The simplest way to store your Bitcoin is in a virtual wallet. There are, of course, other types of offline wallets. You can store your Bitcoin there too by transferring out of the exchange and into offline wallets. But more on wallets — online and offline — later!

Virtual wallets can be easily accessed by the user and are safe, as secure online exchanges also offer this service. Fasset Exchange, for example, has a secure online wallet for users to store and sell their Bitcoin and other cryptocurrencies with ease and efficiency.

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.

When talking about Bitcoin price, there are memorable milestones that relate to the coin’s price movements. Halving is one such event that occurs every four years and has a lot to do with Bitcoin’s supply and demand.

Bitcoin supply is capped at 21M, which means only 21M Bitcoin will ever be mined and circulated in the market. This limited supply means scarcity. So every four years, mined Bitcoin blocks are programmed to be cut in half to maintain this scarcity, and historically, this has pushed prices up. More on this in the next lesson!

Key factors influence its price