Bitcoin on the Rise from a Macro Perspective Institutional Demand Returns

Bitcoin on the Rise from a Macro Perspective: Institutional Demand Returns

The recent $BTC (+5,97 %)rally is primarily a macroeconomic story, not purely a crypto story. While the FOMC minutes revealed a more hawkish internal debate than the final monetary policy decision suggested, data released since then has increasingly weakened the case for further tightening. A lower-than-expected inflation reading and weaker labor market data have renewed expectations that U.S. monetary policy is heading toward a less restrictive course. $BTC (+5,97 %), which continues to react very sensitively to changes in liquidity expectations and real yields, has responded accordingly.

The inflows suggest that institutional demand is returning in tandem with the improved macroeconomic environment. Digital investment products based on cryptoassets—i.e., ETPs—have recorded $1.3 billion in inflows so far this week. Of that amount, approximately $715 million came on Wednesday—the strongest single-day figure since May 1 and one of the strongest days of the year. #bitcoin Bitcoin-focused products accounted for about $1 billion of the weekly inflows, bringing year-to-date inflows back into positive territory after a prolonged period of weakness.

(Author: James Butterfill, CoinShares’ Head of Research)

You can invest in Bitcoin through the following vehicle: $BITC (+6,13 %)

Raketentoni@Raketentoni

Now that prices are rising, they’re all coming back 😬 Let’s wait until Trump changes his mind and everything goes back down.
Everyone should invest in whatever they want, but for me, BTC is just a part of my portfolio—at most 1–2%.

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G_Capital@G_Capital

We’ve heard all kinds of prophetic predictions about Bitcoin over the past few weeks and months—and now that the price is on the rise again, the prophets are all back, of course. No question about it: I know a few people who’ve made a lot of money with Bitcoin. Congratulations to them—I mean that sincerely. For me personally, however, Bitcoin is not—and will never be—an investment. And despite all the renewed euphoria: Without Donald Trump, who moves the market with a few well-timed statements—and certainly isn’t acting against his own interests in the process—Bitcoin would likely still be stuck where it was four weeks ago. With that in mind: warm regards to all the prophets. After all, the future is especially easy to predict in hindsight.

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