⚡️The Strongest Bitcoin Century Doge——

31% of the total Bitcoin supply is held by governments, ETFs, and MicroStrategy, an increase of 14% from last year;

The landscape of governments, ETFs, publicly listed companies, and large holders has already formed——

1️⃣ Institutional investors are typically long-term holders and do not trade frequently. This “hoarding behavior” reduces the circulating supply in the market, which may support Bitcoin’s long-term price.

2️⃣ This institutional trend indicates that Bitcoin is transitioning from an “individual investor-dominated asset” to a “mainstream investment asset.” Institutional participation brings more liquidity and stability to the market while also enhancing its credibility.

3️⃣ This also means that governments are increasingly aware of Bitcoin's position in the global economy and may be more inclined to accept and regulate it in future policy-making rather than suppressing it.

The 31% concentration indicates that Bitcoin is gaining more recognition as a safe-haven asset with the properties of “digital gold.” In the context of increasing economic uncertainty and high pressure on fiat currency depreciation, institutions accelerating their allocation to Bitcoin may be for hedging risks associated with traditional assets.

4️⃣ The increase in institutional holdings may make it increasingly difficult for retail investors to profit through simple buy-and-hold strategies. In the future, the Bitcoin market may rely more on complex financial instruments (such as options and futures) and macroeconomic trends.

This means that Bitcoin is accelerating its move towards the mainstream financial system while also facing the risk of its decentralized characteristics being diluted.