Well I came across an article that institutional investors aren’t ready yet. As noted:
“ Some 78% of institutional traders don’t plan to gain exposure to cryptocurrencies in the next five years, according to JPMorgan Chase’s e-Trading annual survey, while just 12% plan to trade them.”
Full article—> https://stocks.apple.com/Aw5nb0ebfSkaPKpkywnlN3w
But if the ETF buys it for you would it be a diversified holding they may not notice? Like the amount of Apple stock people own but have no idea they do?
Then on the other hand whales are buying it up!
Bitcoin Whales Go Shopping, Purchase $6.16 Billion Worth Of BTC! Obviously Microstrategy and the ETF’s count.
We also had a bunch of shorts who got liquidated to drive the price up.
Oh and then degens and psychopaths like me but every day regardless of price!
I buy and ony buy. Who buys or who sells, doesn't change enough. Bitcoin will become the need and habit in future, much like fiat currently and then you have to accept it. Better accepting now, it wil be late when it reaches the higher price level.