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Global reserve assets?
During the week from April 21 to 25, Bitcoin ETFs attracted over $3 billion in inflows as institutions sought safety in "digital gold" amid increasing macroeconomic uncertainty.
Analysts say that demand from financial institutions could push the price of Bitcoin to $200,000 per coin this year. By 2029, the adoption of Bitcoin by institutions could drive the price of the cryptocurrency to over $1 million, according to Andrei Dragosh, head of European research at ByteWise. As of May 1, the value of Bitcoin in ETFs and other institutional funds exceeded $128 billion, according to data from .NET. The data shows that corporate bonds hold nearly $73 billion more.
Sovereign nations - including the United States, China, and the United Kingdom - collectively hold over $130 billion in Bitcoin. However, most of these holdings come from crypto assets seized by law enforcement, rather than direct purchases of Bitcoin.
GT2,57%
BTC0,83%
XRP4,82%
ETH1,59%
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