🛞 Structural Shift of Bitcoin into an Institutional Asset (Source: ARK Invest, February 11, 2026) 1️⃣ Bitcoin is no longer a “selective technology” but a “strategic asset” 1. The most significant change in the current cycle ▪️Past: Experimental cryptocurrency ▪️Present: Asset included in institutional portfolios 2. Reasons why Bitcoin's value is rising ▪️Changes in the macro environment (monetary policy, liquidity) ▪️Increased structural demand (ETFs, corporations, nations) ▪️Role as a store of value similar to gold ▪️Reduced volatility and volatility 2️⃣ Macro Environment: Liquidity shifts back to risky assets 1. Current macro environment ▪️End of US QT ▪️Start of interest rate cut cycle ▪️Approximately $10 trillion in funds may shift to risky assets 2. These funds are likely to move into stocks, crypto, and other risky assets 3️⃣ Regulatory clarification facilitates institutional fund inflows 1. Representative policies Changes ▪️ US CLARITY Act Reorganization of Digital Asset Regulatory Framework ▫️ CFTC → Digital Commodities ▫️ SEC → Digital Securities 2. Reduction of Entry Barriers for Institutional Investors ▪️ Clarification of Various Regulations ▫️ Custody Regulations ▫️ Trading Regulations ▫️ Disclosure Regulations 4️⃣ ETFs, Corporations, and States as Structural Buyers of Bitcoin 1. Significant Increase in Structural Demand for Bitcoin ▪️ Impact of ETFs 2025 ▫️ ETFs + Corporate Treasuries ▫️ Absorbing 1.2 times more BTC than new supply ▪️ Current Holdings: Over 12% of total supply 2. Expansion of Corporate Holdings ▪️ Representative Examples ▫️ Coinbase ▫️ Block ▫️ Strategy (formerly MicroStrategy) ▪️ Corporate BTC Holdings ▫️ 1.1 million BTC ▫️ 5.7% of total supply 5️⃣ Bitcoin is “Digital Gold” 1. Historical Relationship Between Gold and Bitcoin BTC Rise Patterns Following Gold Rise (Examples: 2016, 2019, 2020) 2. Present Gold +64.7% in 2025 vs. BTC -6.2% ▪️Since BTC is a high-beta version of gold, it has the potential to rise more significantly during a gold upcycle. 6️⃣ Market Maturity: Reduced Volatility 1. Past BTC Cycles ▪️Downs of 70–80% 2. Current Cycle ▪️Maximum downs of about 50% → Increased institutional participation → Increased liquidity → Market maturity 7️⃣ Long-term Investment Performance 1. Example 2020–2025 The worst investor who invested at the peak every year ▪️Investment: $6,000 ▪️2026-02-11 Result: Approx. $7,760 (Approx. 29% profit) 2. Key Lesson: Holding period matters more than timing 8️⃣ Conclusion: The question is no longer “Should I buy or not?” Key Questions for Bitcoin in 2026 1. Past "Will Bitcoin survive?" 2. Present "What percentage should I put in my portfolio?" #Tracking #USStocks #Bitcoin #BTC #Bitmine #BMNR #Circle #CRCL