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The business intelligence company MicroStrategy, one of the largest Bitcoin holders on the market, announced the completion of a course aimed at the institutional market to “accelerate corporate adoption”. Market giants like Binance, Coinbase, Gemini, Fidelity and Galaxy Digital will be present at the event.

The announcement of the event, which will take place on February 3 and 4, took place through the company's official website and through Twitter of Bitcoin CEO and enthusiast Michael Saylor. The course entitled “Bitcoin for corporations” will include the following topics:

1. Macroeconomic environment, perspectives, treasury and investment strategy

2. Integration of Bitcoin in the balance sheet or P&L of public and private companies

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3. Financial, operational, systems and execution considerations

4. Legal and regulatory considerations

5. Accounting, taxes and audit considerations

The course will also present documents and information regarding the company's adoption of Bitcoin. These ‘treasury secrets’ will be made available to participants interested in integrating Bitcoin into their company.

In order to accelerate corporate adoption and facilitate the development of best practices, MicroStrategy will make certain documents and information it used in implementing Bitcoin as a primary treasury reserve asset available to the public so that other companies interested in adopting a Bitcoin strategy can consult them, says the publication.

Institutional markets

Billionaire investor Raoul Pal says there is a ‘money wall’ going into the cryptocurrency market. And this trend could cause the asset to reach $ 1 million.

We are not there yet, but it is happening. Following are institutions, (…), endowments, pension plans and, within that, you will find some government… suddenly, let's say we allocate 5% in bitcoin.

This trend, which began in 2020 with MicroStrategy's bold purchases, seems to be just beginning and, if this is confirmed, the cryptocurrency may reach historical levels, starting to actually hit head on with established assets, such as gold, silver or even the American dollar.

What is your prediction for the institutional adoption of Bitcoin in 2021? Will we have more companies entering this market than in 2020? Leave your opinion in the comments section below.

Read more: Bitcoin is in a bubble, says CEO of DoubleLine Capital


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