Coin-Turk 1 day ago
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The current bull market for Bitcoin 
$99,180 is still in its early stages. Blockstream CEO Adam Back noted that the rise of ETFs and institutional investments is significantly increasing the demand for Bitcoin. According to Back, a strong influx of capital from both individual and institutional investors contributes to the market’s growth. It is emphasized that Bitcoin has yet to reach its full potential.
ETFs and Institutional Investments Drive Demand
The Bitcoin market is undergoing a significant phase driven by the interest of institutional investors. According to Adam Back, ETFs and institutional purchases generate demand that doubles the daily issuance of Bitcoin. Large purchases by companies like MicroStrategy are helping to support Bitcoin prices.
Regular purchases from individual investors are equally impactful to the market. As Bitcoin adoption increases, it is noted that strong demand is emerging from various investment segments. The continuity of this demand may shape the long-term trajectory of the Bitcoin bull market.
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