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Thomas Perfumo, cryptocurrency expert, explains why Bitcoin is surging again: "Institutional demand..."

The economist from Kraken points to the key role of ETFs, institutional capital, and the political shift in the U.S.

In this scenario, Thomas Perfumo, global economist at Kraken (one of the largest cryptocurrency platforms). "Institutional demand is behind the new momentum of Bitcoin. ETFs and companies with Bitcoin on their balance sheets are consistently bidding in the market," he stated emphatically. One of the most relevant elements of this bullish phase has been the massive influx of institutional capital. Perfumo points out that the movement of entities like Strategy, which has purchased nearly $13 billion in Bitcoin just this year, is not an isolated event.

This is complemented by the recently approved spot Bitcoin ETFs in the United States, which together have channeled an additional $9 billion in net inflows. These financial instruments allow both large and small investors to gain exposure to Bitcoin without having to hold it directly, which has facilitated its mass adoption.