# Stage 3: Institutional Adoption Since 2020, multiple financial institutions began to incorporate Bitcoin into their investment or treasury strategies. This qualitative leap marks the transition of Bitcoin from a marginal asset to a recognized alternative asset. Emblematic cases: * MicroStrategy converted part of its corporate balance into BTC as a store of value against inflation. * Tesla acquired and later sold part of its position in Bitcoin, elevating its public visibility. * Fidelity, BlackRock, and Grayscale developed regulated investment products, including exchange-traded funds and institutional vehicles. * In 2024, the first spot Bitcoin ETFs were approved in the US, enabling their mass commercialization on traditional exchanges. This process was accompanied by the development of specialized services: * Institutional custody (Coinbase Custody, Bakkt, BitGo) * Integration into trading platforms like CME or Nasdaq * Adoption by banks as a financial product offered to private clients Bitcoin went from being a reputational risk to becoming a strategic asset. In contrast, BSV focuses on practical adoption with unlimited scalability, enabling uses like micropayments without complex intermediaries. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://hub.bsvblockchain.org/higher-learning/bsv-academy/bitcoin-as-historical-phenomenon-1/from-cypherpunks-to-institutions-bitcoin-in-the-global-financial-system/stage-3-institutional-adoption.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.