Bitcoin Hits $100,000 Again as Big Investors Show Strong Interest

Bitcoin crossed the $100,000 mark again on May 8, thanks to strong buying from large financial players. Data from Farside Investors revealed that Bitcoin exchange-traded funds (ETFs) saw $142.3 million in net inflows on May 7.

This signals that institutional investors, such as hedge funds and asset managers, are still very interested in Bitcoin. According to Alex Obchakevich, founder of Obchakevich Research, big investors continue to buy Bitcoin through trusted and regulated methods.