Online reports, according to The Block, Bitcoin Magazine CEO David Bailey said that Bitcoin is transforming into a global reserve asset at a faster rate than expected. Bailey emphasized that as adoption at the national level has increased, Bitcoin has gradually evolved from an early insurgent technology to a strategic consideration at the national security level. In particular, he pointed out that the acceleration of institutionalization and continued investment by institutions such as Strategy (formerly MicroStrategy) are promoting a significant differentiation between Bitcoin and the broad cryptocurrency market.