According to Mars Finance, on January 14th, Charles Edwards, founder of the Bitcoin and digital asset quantitative fund Capriole, wrote, "Retail investors are not important in the recovery of the crypto market. Take gold as an example; its market size is more than 10 times that of Bitcoin. What we really need is the inflow of institutional funds, which is what drives Bitcoin's price higher. If we really want Bitcoin to achieve a real rise, we must eliminate those obvious and significant risks to maximize institutional allocation. For Bitcoin, the only and most critical headwind risk at present is quantum computing."
Analysis: Institutional fund inflows are the key driver of Bitcoin's price increase; retail investors are not important.
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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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