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Large Bitcoin Transactions Suggest Institutions Have Been Accumulating

From okex.com

Since at least 2013, the Bitcoin and cryptocurrency space has seen an and large "smart money" players accumulate BTC. This phenomenon has accelerated over the past few years — with the industry noting the rise of institutional investment each time another well-known fund joins the bandwagon — growing hand in hand with the rise of the Bitcoin derivatives market. In May 2020, the "institutions are here" narrative was bolstered yet again when well-known macro investor Paul Tudor Jones announced that his fund would be futures as a hedge against inflation. The story was strengthened further by the news that Nasdaq-listed, ... (full story)

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  • Category: Fundamental Analysis