This report provides a strategic analysis of Bitcoin and cryptocurrency for the Australia and New Zealand Group (ANZ), a major banking institution. It begins with a background of cryptocurrency and ANZ's initial reactions, followed by a PESTLE analysis outlining political, economic, social, technological, legal, and environmental factors influencing ANZ's engagement with cryptocurrencies. A competitive environment analysis using Porter's Five Forces highlights threats from new entrants, supplier power, buyer power, rivalry, and substitutes. The report then delves into a strategic analysis of Bitcoin, discussing its potential to disrupt traditional financial systems and the challenges of ensuring transaction validity. The report concludes with recommendations for ANZ on how to address the risks and opportunities presented by cryptocurrency.