Monday 3 July 2023

CORPORATE INVESTORS’ ACCUMULATION OF BITCOIN RISES

CORPORATE INVESTORS’ ACCUMULATION OF BITCOIN RISES
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.
 
At the time filing this report, Bitcoin is trading at $30,630.

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