Bitcoin’s Institutional Waves Are Building, Not Breaking
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Fund manager Jeff Dyment of Saphira Group wants you to zoom out and stop sweating the short-term charts.
His thesis: Data points that suggest institutional bitcoin
buying is losing steam miss the bigger picture.
In a note shared with CoinDesk, Dyment argues that fears of fading institutional demand for bitcoin are overblown, rooted in narrow snapshots of the market.
Yes, ETF and corporate purchases have cooled recently – Michael Saylor’s Strategy bought just 16,000 BTC…
