Published: Apr 2, 2025 at 04:20 PM
Updated: Apr 2, 2025 at 04:14 PM
- Indian public company Jetking to raise money to purchase Bitcoin (BTC).
- While it is uncertain how much, the company’s total market value suggests a small number.
- Despite this, the move to buy BTC adds to Bitcoin’s growing legacy.
Despite Bitcoin’s recent stagnant performance and the red close to Q1, the popularity of the pioneer cryptocurrency BTC and its many possibilities seem to be growing. The signs for Bitcoin adoption are clear in institutional buying across the world. The latest of which includes Indian public company Jetking moving to raise money to purchase Bitcoin and increasing their BTC holdings.
It is clear that the popularity of crypto, especially the pioneer asset Bitcoin (BTC), is taking over in a global sector. Not only are first-world countries looking to accumulate the promising high-demand and low-supply asset, but developing countries are starting to see its worth as well. This is likely due to the excellent leadership of Nayib Bulkele, as El Salvador’s Bitcoin adoption has changed the political and financial landscape of the nation.
The latest to join this bandwagon of accumulating Bitcoin (BTC) is an Indian public company Jetking, known as India’s foremost IT institute. The company offers courses in Cloud Computing, Ethical Hacking, Metaverse & Gaming, and Cyber Security, and is a highly recognized name across the IT sector, even on a global scale.
As we can see from the post above, Jetking has been confirmed to be raising money to purchase Bitcoin. This is a huge move as it implies that Bitcoin’s popularity is growing beyond borders as it was initially meant to be. Responses to the tweet show not much enthusiasm from the crypto community as the total market cap of the company is in the low millions. However, it is important to note that the legacy of Bitcoin is to involve even the smallest of investors to change the financial landscape as we once knew it.
While it is good that Bitcoin is being adopted by high-cap brands, it does not bode well for only high-cap brands to own Bitcoin. This would not bring much change to the political structure of the financial landscape that rules the world. Instead, it is important to support every Bitcoin holder no matter how big or small, as each BTC purchase and every hand that holds Bitcoin add to its legacy, where we are working to make the world’s finances operate in a decentralized manner.
What’s more, institutional buying, no matter how small, can result in a Domino effect, where the barrier to owning Bitcoin does not grow larger despite the price of Bitcoin pumped to greater heights. If anyone can own Bitcoin no matter the price, the value of Bitcoin can only go higher in the long term. Like most analysts say, it is still early to buy and hold Bitcoin as the asset could reach over a million in value.
Furthermore, this cycle alone aims to see Bitcoin price at $400,000 and above once the current market recovers. Then, even the smallest Bitcoin buy will result in exponential gains, especially in the long-term when Bitcoin will go on to hit a target in the price range of the millions.
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