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Opinion: $100,000 or large-scale institutional adoption of Bitcoin is the beginning, this trend may last 10 to 20 years

Opinion: $100,000 or large-scale institutional adoption of Bitcoin is the beginning, this trend may last 10 to 20 years

Bitget2025/02/21 05:53

According to a report by PANews on February 21, Forbes reported that despite the stagnation of Bitcoin prices, people still hold an optimistic attitude towards the long-term prospects of Bitcoin. The breakthrough of Bitcoin price to $100,000 could be the beginning of large-scale institutional adoption of Bitcoin, a trend that may last for 10 to 20 years. Samson Mow, CEO of Jan3 bitcoin wallet company and founder of Pixelmatic pointed out that previous bull markets were lackluster due to backlog issues on trading platforms. However, with the introduction of Exchange Traded Funds (ETFs), traditional financial capital no longer faces obstacles in entering into Bitcoin. Currently, capital inflows have not been fully realized as institutions are just "dipping their toes" into the cryptocurrency market.

BlackRock led a campaign in 2023 seeking US approval for spot bitcoin ETFs. A series of bitcoin funds made their debut in January 2024 and quickly became one of the fastest-growing ETFs ever. The U.S spot bitcoin ETF broke through $100 billion net assets for the first time in November last year; among them BlackRock's iShares Bitcoin Trust (IBIT) leads with a scale of $60 billion holding nearly 600 thousand bitcoins.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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