In accordance with @CryptoSlate, institutions have absorbed an equivalent of eight years' worth of Bitcoin issuance in 2024. This significant uptake by institutional investors highlights the growing interest and confidence in Bitcoin as a valuable asset. The absorption rate indicates a strong demand for Bitcoin, potentially impacting its market dynamics and price stability. This trend underscores the increasing role of institutional players in the cryptocurrency market, which could influence future market developments and investment strategies.
Institutions Absorb 8 Years of Bitcoin Issuance in 2024
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