Analysis: $100,000 may be the beginning of large-scale institutional adoption of Bitcoin, a trend that may last 10 to 20 years
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Odaily News Report: Although the price of has stagnated, people remain optimistic about the long-term prospects of . The breakthrough of price to $100,000 may be the beginning of large-scale institutional adoption of , a trend that could last 10 to 20 years. Jan3 CEO and Pixelmatic founder Samson Mow pointed out that the previous bull market was lackluster due to issues with trading platform backlogs. However, with the launch of exchange-traded funds (ETFs), the barriers to traditional financial capital flowing into no longer exist. Currently, capital inflow has not yet been fully realized, and institutions have just begun to "venture into" the cryptocurrency market. In 2023, BlackRock led a campaign to secure US approval for a spot ETF, and a series of funds made their debut in January 2024, quickly becoming one of the fastest-growing ETFs in history. The US spot ETF surpassed $100 billion in net assets last November, with BlackRock's iShares Trust (IBIT) leading the way with $60 billion in assets, holding nearly 600,000 .
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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