Bitcoin surpassing the $100,000 threshold is not only an important milestone but also the beginning of a 10-20 year wave of institutional investment, according to Samson Mow, CEO of Jan3.
ETF – The Key to Unlocking Institutional Money Flowing into Bitcoin
Previously, each Bitcoin bull cycle was stifled by exchanges struggling to onboard users. However, with the emergence of spot funds, capital from traditional finance (TradFi) can flow directly into Bitcoin without obstacles.
👉 Adam Back, CEO of Blockstream, emphasized:
Bitcoin ETFs are currently attracting purchases multiple times the amount of Bitcoin mined each day.
MicroStrategy and other large companies are buying Bitcoin at twice the daily mining output.
1.1 Million Bitcoins Absorbed – The Beginning of a Major Wave?
From September to October 2024, approximately 1.1 million BTC (worth ~110 billion USD) were purchased even as the price surged from $60,000 to over $100,000.
📌 Samson Mow believes this will lay the groundwork for a multi-decade bull cycle as investment funds, large corporations, and sovereign wealth funds gradually enter the market.
Although institutional money is still 'testing' the market, the scarcity of supply combined with strong buying pressure will continue to push Bitcoin's price higher in the long term.
Is the Bitcoin Market 'Being Controlled'?
Despite Bitcoin's strong price increase, Mow notes that the current trading model seems to be 'artificially controlled.'
💬 "Bitcoin's price often peaks, then moves sideways within a very narrow range, which looks quite unnatural," Mow said.
This may stem from the fact that bankrupt companies and miners needing cash during the past year have been removed from the market, helping to reduce selling pressure to its lowest level.
🚀 With these developments, Bitcoin could enter an unprecedented long-term growth cycle as major financial institutions begin to ramp up capital allocation into this digital asset.