In accordance
with a crypto data analytics firm, #CryptoQuant, the aggregation of #Bitcoin by
corporate entities has continued to skyrocket remarkably.
Even at the
contemporary price level of Bitcoin, those corporate entities such as hedge
funds, investment firms, and cryptocurrency private funds are still steadily gathering
bitcoins, which symbolizes a impregnable interest in the coin.
Analysts are
of the opinion that those institutional entities may view their gargantuan
investment as a long term one because it is coming at a time when the coin has
maintained a relatively steady price.
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