Is This the Tipping Point on Cryptocurrency Adoption?

Sovereign Blueprint

Sunday Intelligence

What happened:

First it was Overstock.com which began accepting bitcoin in 2014. In 2017, it started holding onto half of the bitcoin it earned.

In 2020, business intelligence software company MicroStrategy announced it had turned $250 million of cash reserves on its balance sheet into bitcoin reserves.

Tesla followed suit less than a year later, and the floodgates were opened. Now, especially considering worries of inflation, it has become normal for a company to hold some bitcoin on its balance sheet.

In October 2021, the Houston Firefighters’ Relief and Retirement Fund became the first US public pension fund to buy bitcoin.

What happened: First it was Overstock.com which began accepting bitcoin in 2014. In 2017, it started holding onto half of the bitcoin it earned. In 2020, business intelligence software company MicroStrategy announced it had turned $250 million of cash reserves on its balance sheet into bitcoin reserves. Tesla followed suit less than a year later,…

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