Data: Institutional funds have purchased about 3% of the total supply of Bitcoin in 2024
This article is machine translated
Show original
Odaily Odaily News According to Geoff Kendrick, head of global digital asset research at Standard Chartered Bank, institutional funds will purchase about 3% of the total supply of Bitcoin in 2024. When talking about Bitcoin breaking through $100,000, Geoff Kendrick said: "In the final analysis, it's just a number. But the reality is that Bitcoin has been able to reach this level because the industry, especially this year, has become institutionalized - this is mainly due to the inflow of funds from ETFs." (Reuters)
Sector:
Source
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.
Like
Add to Favorites
Comments
Share
