‘Inflow season’ is here and Bitcoin might soon see new highs because of it
Institutions, to a fair extent, never considered Bitcoin to be a worthwhile investment option during its formative years. It was tagged as a ‘showy’ and ‘worthless’ asset at that time. However, the aforementioned narrative did manage to change with time.
Today, institutional buying, more often than not, coincides with Bitcoin’s price appreciating on the charts.
The buying fever usually sets in during the price hike phases, owing to the fear of missing out. Conversely, during ‘dry’ phases, new institutional investors end up abandoning their HODLings.
In July-August, for instance, institutional interest remained quite low. Digital asset investment products saw consecutive weeks of outflows during that period. At that time, notably, the prices of
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