The emergence of the term "Suitcoiners," described by Bloomberg's Eric Balchunas, highlights Wall Street's increasing interest in Bitcoin. This term refers to institutional investors, including ETFs and governments, joining the cryptocurrency market.
Experts express concern that institutional dominance might disrupt traditional Bitcoin dynamics, altering its economic structure significantly.
The percentage of Bitcoin held by institutions has risen from 10% in 2020 to over 30% today, indicating a substantial shift in market influence that may prompt increased regulatory oversight.
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