The cryptocurrency market trends are interspersed with uncertainty.  The all-time high for Bitcoin was at $65,000 during April in 2021. However, the price trends for BTC have been pretty uncertain.

China’s crackdown on BTC mining activities eventually set the price tumbling down. However, Bitcoin is also gaining adoption among the masses and institutional investors.

PayPal, Visa, JPMorgan, Goldman Sachs, MicroStrategy, Apple, and Tesla, are all adopting Bitcoin.

For all the eligible purchases, PayPal has made it possible to ensure cryptocurrency is available as a funding option for those who have “enough crypto” to pay in full at that time. For those who choose to check out with crypto, PayPal will be automatically converting it into USD or other currency without an additional fee.  PayPal has made it possible to buy, hold and sell cryptocurrency.

Visa has acknowledged that money is evolving.  Visa crypto solutions point to how big things can happen when the power of crypto is combined with their payment networks. Visa Inc.’s research and product teams have announced that they’re developing a new concept which focuses on interconnecting multiple blockchain networks to secure and transfer digital money which they call the “Universal Payment Channel.”

This new project will be creating payment channels that will make it possible for anyone to pay for products and exchange equivalent irrespective of what cryptocurrency they are using.

JPMorgan has launched an In-house bitcoin fund for private banks. Thus, they have been making it possible for their clients to invest in Bitcoin Fund.

Goldman Sachs is offering options, futures, and trading in Ether.

It is very interesting to see that despite there being several warnings from regulators about the risks of the extreme volatility of cryptocurrencies in money laundering, the investment banks are stepping up to provide Bitcoin services to their big clients. The good news is that hedge funds are willing to trade bitcoin even after the price plummeted in May when the price crashed down from $60,000 to $33,000 in just a matter of days.

MicroStrategy keeps acquiring additional Bitcoin (BTC).  MicroStrategy is the first publicly-traded company to invest significant treasury assets in Bitcoin.

Apple previously bought $2 billion in Bitcoin

CEO of Tesla, Elon Musk is one of the big boosters of Bitcoin; however, he has stated, “Crypto is the second coming of the Messiah,” adding it’s “possible for governments to slow down [bitcoin and crypto’s] advancement.”

The biggest public companies in terms of their Bitcoin holdings are increasing their holdings. And, all this is happening despite warnings and negative attitudes from regulators.