Bitcoin in Early Bull Market Stages, Says Blockstream CEO Adam Back
- Bitcoin is reportedly still in the early stages of a bull market.
- High buying demand is noted across exchange-traded funds (ETFs) and other segments.
- ETFs are purchasing about twice the amount of Bitcoin mined daily.
- MicroStrategy and other treasury companies are also significant buyers.
- Bitcoin price was $98,247, up 1.4% in the last 24 hours at the time of writing.
Blockstream CEO Adam Back highlights strong inflows into Bitcoin from ETFs and treasury companies, suggesting that the current bull market is far from over.
Source (2.6)https://dailyhodl.com/2025/02/21/bitcoin-still-in-the-early-stages-of-a-bull-market-says-btc-veteran-adam-back-heres-his-outlook/?rand=59076
