Bernstein analysts emphasized in their report that the Bitcoin market is no longer the extremely retail-speculative-driven market it once was. With the maturation of spot Bitcoin ETF investor communities and substantial demand from large corporate treasury buyers, Bitcoin's investor base has undergone a fundamental transformation.



Data shows that approximately 14% of Bitcoin's total supply is now held through institutional instruments globally, including various ETFs, corporate treasuries, and national governments. Analysts point out that this structural shift not only strengthens Bitcoin's capital base but also significantly enhances the asset's long-term resilience and prospects when facing market volatility.

MicroStrategy Becomes "Bitcoin's Central Bank of Last Resort"

In this wave of institutionalization, Bernstein specifically highlighted MicroStrategy, led by Michael Saylor. Analysts gave the company exceptionally high praise, likening it to the "Bitcoin central bank of last resort."
BTC0.33%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin