Bitcoin Adoption With Continuous Institutional Adoption In Micro-strategy Analysis

From Micro-strategy analysis report which the Vice President and Chief Financial Offer has their views on the impairment change of the primary digital asset for that period of time, which they said the impairment change for the 3 quarter only amounts to $700,000 which is far less than what was observed this time last year.
The chief financial officer says that the company incurred some impairment change which was due to the bitcoin unstable price this last quarter in he’s words he says;

“The Bitcoin volatility as measured by the one-month realized volatility fell below that of the major equity indices such as the S&P 500 and NASDAQ this past quarter.”
“During the quarter, Bitcoin prices remained above our carrying value, low watermark of approximately $17,600 – and as a result, we saw a minimal digital asset impairment charge in Q3.”

source

From their observations which they say that they stand on a firm point that the current situation of bitcoin as regards price is that the primary token is drawing in mature investors.
“We view this recent market shift as a possible signal that Bitcoin’s investor base and institutional adoption is continuing to mature, making it more suitable and accepted by traditional market participants.”

If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
Twitter:Hironakamura

Posted Using LeoFinance ^Beta