Bitcoin breaks through the all-time high of $105,000, and the purchasing power of US market participants is strong!
BlackRock and MicroStrategy each hold more than 400,000 bitcoins
Bitcoin is becoming a core asset for institutional funds. BlackRock holds 496,854 bitcoins, worth about $4.7 billion, accounting for 2.37% of the total supply; MicroStrategy holds 402,100 bitcoins, accounting for 1.91% of the total. Bitcoin ETFs hold 6%, up 1% in the past 5 months. As of now, there are 1,106,775 bitcoins that have not been mined, accounting for 5.3% of the total, worth about $110 billion.
The influx of institutions shows confidence in the prospects of Bitcoin, and the participation of asset management giants such as BlackRock has gradually brought BTC into the virtual list of mainstream assets. The growth of Bitcoin ETFs has further lowered the investment threshold and attracted more capital inflows. As the scarcity of Bitcoin increases, its price may continue to rise due to limited supply and increased demand, gradually evolving into a global wealth reserve tool. However, highly concentrated institutional holdings may bring risks of market volatility and over-financialization. The market needs to strike a balance between decentralization and institutionalization to ensure long-term stable development.
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