"Bitcoin is the world's most popular investment asset," said Michael Saylor, co-founder of Microstrategy (MSTR), which holds 190,000 BTC, the most bitcoin held by a single company, on his X (formerly Twitter) account. "Bitcoin is new, digital, geo-agnostic and uncorrelated to traditional risk assets, making it a natural addition to any responsible investor's portfolio," he added. He also told CNBC, "The next decade will be the era of the bitcoin gold rush. The demand for bitcoin is growing all the time, but the supply is limited. There will be more public companies holding BTC," he said, adding, "MSTR is now a bitcoin developer in the same way that there are real estate and oil developers.
Arthur Hayes, co-founder of global cryptocurrency exchange BitMEX, wrote a blog post on his blog about what he sees as the key narratives for the crypto market going forward and which projects to watch. Here's how Coinness sums them up 1. Retail derivatives trading volume will shift from
According to Bitcoin.com, Coinbase CEO Brian Armstrong said during the company's recent Q4 20/23 earnings call that "every institutional investor now owns crypto. Cryptocurrency has become a standard asset in institutional portfolios." "Institutions will continue to put crypto on their balance sheets and
Bitwise CIO Matt Hogan wrote on X (Twitter), "Several bitcoin spot ETFs saw record trading volumes on Tuesday (US time). Demand for ETFs is likely to continue." The Bitwise Bitcoin ETF (BITB) traded 6.3 million shares ($179 million) on Tuesday, according to Yahoo Finance. Trading volume in