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Data: By 2024, institutional funds have purchased about 3% of the total supply of Bitcoin

Data: By 2024, institutional funds have purchased about 3% of the total supply of Bitcoin

Bitget2024/12/05 12:24

According to Geoff Kendrick, the head of global digital asset research at Standard Chartered Bank, institutional funds accounted for about 3% of the total supply of Bitcoin in 2024. When talking about Bitcoin breaking through $100,000, Geoff Kendri said: "Ultimately, this is just a number. But the reality is that Bitcoin was able to reach this level because the industry has become institutionalized - especially this year - mainly due to ETF inflows." (Reuters)

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