The Benchmark Company senior analyst Mark Palmer stated in an interview with Yahoo Finance this week that this rebound will mainly be driven by institutional investors who will continue to increase their interest in Bitcoin over the next few years. Mark Palmer cited the price of gold for comparison. In the early 21st century, when investors and pension funds began buying gold exchange-traded funds (ETFs), the price of gold started to soar. This development opened the door for gold to become a more mainstream investment, and since the beginning of this century, the price of gold has risen by 845%. He explained, 'The reality is that there are a lot of under-invested pensions. Bitcoin is a non-correlated asset with significant potential upside. Therefore, it makes sense to add a portion of Bitcoin to the portfolio. If this continues, and we continue to see institutions finding ways to incorporate Bitcoin and cryptocurrencies into their portfolios, then this will greatly increase the demand for Bitcoin, which is how prices are driven up.' (businessinsider)

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