Dixon highlighted a growing trend in Bitcoin ETF investments by major institutions as a significant development. Sovereign wealth funds and pension plans are taking the lead in this movement, conducting thorough evaluations, with substantial allocations anticipated by late 2024 or early 2025, which could stimulate market momentum.
Analyzing Bitcoin's past patterns, Dixon observed regular declines of 20% to 30% during bullish phases are typical. Nevertheless, Bitcoin has consistently rebounded to set new record peaks after these downturns, illustrating its growth path despite fluctuations.
