The recent surge in the crypto asset partly seems to have been caused by investors piling in, seeing it as a hedge against inflation. Some appear to have been enticed by the argument that the huge monetary stimulus programmes unleashed by central bank is fuelling inflation which will see the value of money decrease over time, whereas Bitcoin has a fixed limit on the number of coins which can be created. 

​https://www.advisorpedia.com/cryptocurrency/bitcoin-bounces-near-record-highs-amid-inflation-fears/

Adoption is heating up as bitcoin becomes mainstream.  Game theory built into NGU (number go up)  means that it will become  a race to  own some of the limited supply - Jon

"Commonwealth Bank of Australia will allow its customers to hold and use bitcoin and other cryptocurrencies via its 6.5 million-user banking app in a bid to appeal to young customers and keep pace with rivals such as Square and PayPal, which already allow users to trade and spend bitcoin."

https://www.afr.com/companies/financial-services/cba-to-add-crypto-to-its-banking-app-20211102-p595da

Jelena McWilliams, who chairs the Federal Deposit Insurance Corporation, told Reuters in an interview on Monday that a team of U.S. bank regulators is trying to provide a roadmap for banks to engage with crypto assets.

That could include clearer rules over holding cryptocurrency in custody to facilitate client trading, using them as collateral for loans, or even holding them on their balance sheets like more traditional assets.

"My goal in this interagency group is to basically provide a path for banks to be able to act as a custodian of these assets, use crypto assets, digital assets as some form of collateral," McWilliams said on a conference panel.

https://www.reuters.com/business/finance/us-regulators-exploring-how-banks-could-hold-crypto-assets-fdic-chairman-2021-10-26/