Analyst: Institutional investors may follow gold's lead and increase their interest in BTC in the coming years

Odaily Odaily News: Mark Palmer, senior analyst at The Benchmark Company, told Yahoo Finance this week that this rebound will be driven mainly by institutional investors, who will continue to increase their interest in Bitcoin in the coming years. Mark Palmer cited the price of gold for comparison. In the early 21st century, when investors and pension funds began to buy gold exchange-traded funds (ETFs), gold prices began to soar. This development opened the door for gold to become a more mainstream investment, and gold prices have risen 845% since the beginning of this century. He explained, "The reality is that there are a lot of underinvested pensions. Bitcoin is a non-correlated asset with a lot of potential upside. Therefore, it makes sense to add a portion of Bitcoin to your portfolio. If this continues and we continue to see institutions find ways to include Bitcoin and cryptocurrencies in their portfolios, then this will greatly increase demand for Bitcoin, and that's how you push up prices." (businessinsider)