@chipperchinchill
Business and institutional Bitcoin adoption has been one of the biggest catalysts behind Bitcoin’s bull run to $124,450 this cycle.
There have been periods where spot Bitcoin exchange-traded fund issuers have scooped up 10 times more Bitcoin than what miners were able to produce, pushing up Bitcoin’s price.
It contrasts significantly with the 2020-2021 bull cycle, where businesses largely sat on the sidelines as Bitcoin topped $69,000 mostly on retail hype.
0 reply
0 recast
0 reaction