Bitcoin Market, Institutional Competition for 1 Million is Just Around the Corner?
Bitcoin has basically become a game for two institutions now.
BlackRock holds 588,700 coins, and MicroStrategy closely follows with 553,500 coins. Together, they already hold more than Satoshi Nakamoto, and MicroStrategy has been buying rapidly recently; at this rate, they may surpass BlackRock this year and become the institution holding the most coins.
Previously, the largest holders of Bitcoin were exchanges and miners, but now Wall Street is taking charge. The next bull market could very likely push Bitcoin to 1 million per coin!