The institutional demand for Bitcoin through ETFs has reached an unprecedented level, creating a net imbalance with the production of new digital currency. Between April 28 and May 2, US ETFs purchased as much as 18,644 BTC, an amount almost six times greater than the 3,150 BTC produced by miners in the same period. This …
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According to the global macro director of Fidelity Investments, Jurrien Timmer, there might soon be a handover from gold to BTC. He stated it a few days ago on his personal X profile, with a tweet dedicated specifically to the relationship between the trend of the gold price and that of Bitcoin over the last …
