#AltcoinMomentum

Only 0.01% of public companies in the world own bitcoins, so the market is still in the "elite experimental stage". This follows from the report of OKG Research experts, writes encrypted.

In the article, analyst Hedy Bee analyzes the various factors influencing the Bitcoin spike in November 2024. He calls the increase in the price of the asset by more than 40% a one-time phenomenon, putting much higher the fact that the Fed lowered the interest rate.

The further decline below $93,000, according to Bee, is related to the geopolitical situation in the Middle East. To substantiate his thesis, the analyst cited gold and oil as examples, the quotes of which also fell.

He also noted that spot Bitcoin ETFs have managed to overcome the “critical threshold” of 5%. Since their launch in January 2024, the share of Bitcoin supply controlled by these funds has reached and exceeded the specified value.

Increased government spending, driven by lower interest rates, unlocked liquidity, and the availability of Bitcoin-based exchange-traded funds “opened the door” to institutional investors, which is the main driver of Bitcoin’s growth.

At the same time, only 0.01% of public companies in the world own bitcoins. This means that traders are only seeing “the tip of the iceberg of institutional purchasing power,” and the market is still in the “elite experiment” stage, the expert believes.

“In the current macroeconomic situation, despite short-term fluctuations, the scarcity, decentralization, and fixed supply of 21 million BTC remain unchanged. And the process of the asset’s transition to the role of a store of value is accelerating as institutions and listed companies compete for distribution,” the analyst emphasized.