Bitcoin hit its lowest price level since the 27th of February earlier today, constituting the current bull cycle’s deepest retrace so far, as lagging institutional adoption dampens the uber-bullish sentiment around the world’s pre-eminent cryptocurrency. Yet, Bitcoin’s 2016 bull cycle analog gives investors some much-needed historical context, one that can play a pivotal role in establishing a sustainable base at the current price levels. Spot Bitcoin ETFs and Lagging Institutional Adoption The requisite Form 13F filings for Q1 2024 are due by the 15th of May. While hedge funds typically wait till the last day or so to file their […]
Read full article at https://wccftech.com/institutional-adoption-of-spot-bitcoin-etfs-is-underperforming-expectations-yet-the-2016-analog-gives-investors-hope/
