This story was originally published on HackerNoon at:
https://hackernoon.com/behind-the-surge-in-institutional-bitcoin-demand-what-the-numbers-really-say.
Institutions and countries are ape-ing into bitcoin. Why? Do they know something we don't?
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Companies don’t typically throw hundreds of millions at volatile assets without a thesis. But over the past four years, institutional Bitcoin buying has shifted from fringe experiment to boardroom strategy. Even traditional finance players like BlackRock and Fidelity have launched spot Bitcoin ETFs.