Corporate adoption has continued to spark a rally for the Bitcoin price, which recently surged to new all-time highs (ATHs). According to a Blockware report, this BTC adoption is likely to increase in the second half of this year, but not necessarily among popular companies. 

Institutions Drive The Bitcoin Price To New All-Time Highs

CoinMarketCap data shows that the Bitcoin price has surged to new all-time highs, driven by massive institutional accumulation. A Blockware report indicated that this institutional accumulation is likely to continue increasing, with 36 companies predicted to add BTC to their treasuries in the second half of this year. 

The Blockware report noted that the corporate BTC adoption race is mostly being spearheaded by “brand new companies or dying companies.” The research firm stated that this is a feature, not a bug. These companies are said to have a much easier time, recognizing how easy it is to invest retained earnings into BTC and earn yields. These companies continue to accumulate at a record pace, which is bullish for the Bitcoin price. <

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Author: Scott Matherson