Crypto adoption is on the rise, and among some of the most sophisticated offerings of the crypto market, it is Bitcoin that many people, states, and financial institutions are truly after. It wasn’t like that from the beginning because when the idea of decentralization was proposed, it was severely conflicted among people and financial enterprises. Only when we approach the middle of 2021 has the crypto market seen a dynamic increase in its adoption and exposure. Currently, many countries are drafting up their own plans and regulatory frameworks to be able to work with Bitcoin in close proximity.
It might have to do with the extreme volatility that the flagship cryptocurrency proposes that, more often than not, the idea of working with Bitcoin is seen as a tremendous loss on account of extreme volatility. But despite that, having all the facts out in the open, people are still willing to compromise and go for Bitcoin as if it is an itch that has to be scratched and couldn’t be avoided.
Sparkasse, the largest Savings Bank in Germany, has now drafted up plans to offer Bitcoin exposure to more than 50 million customers in 2022. A completely new form of investment is being drummed up by the bank and will be made available to the eligible people as soon as all the formalities are done and rounded up. People would be able to buy, sell or hold on to Bitcoin as a potential mode of investment and an asset that can be reserved so the person doing so can chip it in the future to score a handsome return on the original investment.
According to research conducted, many institutional investors are willing to put their money into Bitcoin as a long-term investment, and this is only good news for the crypto market and the adoption of decentralization. The odds of Bitcoin becoming the digital gold don’t seem so bleak right now as the adoption rates and the consistent interest of investors mean that Bitcoin might be able to achieve that title and become an ultimate hedge against inflation someday.