At Bernstein, it was noted that the drop in the price of bitcoin on April 6-7 was less significant compared to previous crisis periods. This indicates the increasing influence of institutional investors on the structure of the first cryptocurrency.
"In previous times of turbulence, for example, during the COVID-19 pandemic, bitcoin lost value by 50% to 70%. The current decline of 26% from the all-time high indicates an increase in demand for bitcoin from more stable capital," analysts note.
Experts are confident that bitcoin should still be considered a long-term savings tool. In their opinion, demand from institutional funds will continue to grow.
