Bitcoin (CRYPTO: BTC) is navigating a period of guarded optimism, according to a new report from Messari, buoyed by institutional inflows into newly approved ETFs and the promises made by the new presidential administration.
What Happened: The report suggests that Bitcoin’s future trajectory depends on whether the administration can convert campaign rhetoric into tangible policy outcomes.
Bitcoin experienced a significant price surge in 2024, reaching an all-time high of $75,000 in the first quarter after the launch of Bitcoin ETFs.
Institutions were overwhelmingly net buyers of Bitcoin throughout the year, with Grayscale‘s (OTC:GBTC) outflows decreasing substantially and Blackrock‘s (NASDAQ:IBIT) emerging as the largest net buyer.
ETF issuers now hold over 1.1 million BTC, with Blackrock (NASDAQ:BLK) and …
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