# Bitcoin Knowledge *The need to know more about Crypto* By [SofG](https://paragraph.com/@peter_eddy) · 2022-11-12 --- Many organizations will claim to adopt and this isn't the first time, bitcoin and bitcoin cash will be used more in the coming years. All these organizations coming up are just big hypes and the feds won't allow it. Despite all of the adoption, Bitcoin’s price still took a hit, steadily declining throughout the year and this is not the first time, it did when it feel from it all time high of $800 to $340 back then. Why it is a circle everytime:: Various leading mainstream media outlets tore into Bitcoin for its price drop, branding it the worst investment of the year and predicted that it would be dead within a year or two. What happened in 2014. In January, China’s version of Ebay, Taobao banned Bitcoin payments, the first of many Chinese companies that would follow this route in fear of colliding with the regulators. Major Chinese banks would ban Bitcoin transactions later in the year. Shortly after, Apple banned Bitcoin apps from its App Store, leading to widespread outrage in the Bitcoin community. What happened in 2020. In August 2020, MicroStrategy — the largest independent, Nasdaq-listed, publicly-traded cloud-based business intelligence provider — announced the purchase of 21,454 bitcoin for a total purchase price of $250 million, including fees and expenses.  Something to take note of:: Institutions were to adopt the 1% portfolio allocation model to bitcoin as suggested by JPMorgan Chase & Co., this would mean an additional $1.03 trillion would flow into bitcoin, which already has a $1.15 trillion market capitalization. That would probably see the price of the digital asset shoot towards the $120,000 range.  Why you shouldn't trust the media influence of the involvement of big organizations in the crypto space: These big corporations and institutions are only getting into bitcoin and other cryptocurrencies, not because they support the growth of the networks nor have beliefs in the blockchain technology, decentralization and its impact on the future but that they are all capitalists who will sell as soon as they make a profit. Why it cannot be regulated:: The philosophy behind the creation of bitcoin in the first place has decentralization at its core, which makes it a bit of a nightmare for regulators.Bitcoin was designed to self-regulate and preserve. Crypto assets have been around for more than a decade now but the volatility of the assets in the coin has made some investors reluctant to adopt it. --- *Originally published on [SofG](https://paragraph.com/@peter_eddy/bitcoin-knowledge)*