According to Techub News, Bitcoin Asia 2025 opened today in Hong Kong. Moshe Shen, Managing Director of Wintermute Trading in Asia Pacific, spoke at a roundtable discussion titled "Bitcoin's Capital Black Hole: Why Global Liquidity is Flowing into Bitcoin." He noted that, unlike a few years ago when the cryptocurrency market was dominated by retail investors, institutional participation has significantly increased. The professional separation of functions such as custody, trading, and risk management is a key sign of the industry's maturity. For macro fund managers, for example, Bitcoin has become an emerging instrument in their portfolios. The most significant shift over the past 18 months has been the inclusion of cryptocurrencies in public portfolios by these traditional institutions.
Regarding Bitcoin's fixed supply of 21 million, Moshe Shen believes that supply and demand are key factors in determining Bitcoin's premium. As in any market, when demand surges, prices naturally rise. During this process, there will always be sellers at higher prices, and buyers will always be there at a specific price.
