The flagship cryptocurrency, #bitcoin , saw its price drop to around $94,000, fueling concerns about institutional interest and future price movement.
Key statistics show Fidelity’s FBTC leading outflows at $208.2 million, followed by Ark Invest’s ARKB at $112.6 million, and Bitwise’s BITB at $36 million. Despite these outflows, BlackRock’s IBIT bucked the trend with inflows of $79.4 million, highlighting mixed sentiment among institutional investors.
Contrasting reports suggest that BTC #ETFs recently recorded $450 million in inflows, hinting at a potential recovery. Bitcoin’s recent price fluctuations align with the Federal Reserve’s cautious stance on interest rates, creating a challenging macroeconomic environment.
Meanwhile, optimism for Bitcoin’s long-term potential remains strong. Notably, Robert Kiyosaki, the author of Rich Dad Poor Dad, predicts BTC could reach $350K by 2025. Despite current volatility, whale investors are reportedly capitalizing on the dip, further signaling confidence in Bitcoin’s future growth.
