Bitcoin Bull Run Fueled by Institutional Investments
- Bitcoin’s price hit over $100,000 after the election of President Trump.
- The asset is currently trading at $96,044, marking an 86% increase in the past year.
- Abu Dhabi’s sovereign wealth fund invested $436 million in BlackRock’s Bitcoin ETF.
- Major institutions like Jane Street Group and Morgan Stanley have invested heavily in Bitcoin ETFs.
Bitcoin’s recent surge is driven by institutional investments, with its price reaching significant highs following strategic purchases by major financial entities and sovereign funds.
Source (2.6)https://decrypt.co/306408/bitcoin-bull-run-just-getting-started-bernstein?rand=52368