Institutional Investors Have Little Faith
Grayscale, a company that manages bitcoin assets, has noticed a decrease in its Bitcoin volumes. What this says is that institutional investors are not optimistic. The largest institutional investor in Bitcoin, Microstrategy, has increased its holdings. According to their most recent SEC filing, the firm has spent $6 million for Bitcoin at a price of approximately $19,851 per token. Together with its affiliates, Microstrategy now governs over 130,000 BTC.
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The economic indicators are not so good and the world present situation is not what one may expect. The Russia Ukraine war, the China Korea crisis and the fear of recession are the major reasons why the big investors are hesitant to invest freely in bitcoin.
Yes, some institutions know the real potential of bitcoin like MicroStrategy and they keep on accumulating bitcoin on every dip and never sell them even if bitcoin dumps.