The cryptocurrency market is not just a playground for retail investors; institutional interest has surged in recent years. Major companies like Tesla and MicroStrategy have publicly embraced Bitcoin (
Decrypt, 2024), incorporating it into their corporate treasury strategies as a hedge against inflation and a means of diversifying their asset base. This shift has not only legitimized cryptocurrencies in the eyes of traditional investors but has also paved the way for other institutions to follow suit.
In addition to direct investments, financial institutions are developing cryptocurrency-related products. For example, Goldman Sachs and Morgan Stanley have begun offering clients access to Bitcoin funds (
Financial Advisor IQ, 2021), while Fidelity has launched cryptocurrency trading for its institutional clients (
Reuters, 2018). This institutional adoption signals a growing recognition of cryptocurrencies as a viable asset class.
The diverse functionalities and use cases of these cryptocurrencies set the stage for Web3.0's profound economic impact, which is reshaping accessibility, business models, and financial systems.
