Crypto Biz: The rise of the Bitcoin treasury, Dec. 30–Jan. 6 By Cointelegraph – Investing.com
- Date: 07-Jan-2022
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Crypto Biz: The rise of the Bitcoin treasury, Dec. 30–Jan. 6 By Cointelegraph – Investing.com
The price of (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive entry point to continue accumulating BTC at discount rates.
2021 was the year that institutions and corporations became major movers and shakers in the Bitcoin market. By the end of the year, corporations and investment funds held roughly 1.48 million BTC, which represents 7% of the current circulating supply. Do you think these large, strategic investors are going to get shaken out by FUD?
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