Bitcoin rose sharply again yesterday and subsequently reached a new all-time high by being traded at over $50,000 on all major Bitcoin exchanges. The trend of the last few weeks thus consistently continued. More and more investors are thinking about investing in Bitcoin. Thus, Tesla, which invested $1.5 billion in Bitcoin, was responsible for the last strong price increase. This time it was rumoured that Morgan Stanley is about to invest in BTC as well. Bitcoin has increased by more than 46% in the past two weeks and by nearly 400% for a year.
The day before yesterday it came out that someone had accumulated a total of 116,000 bitcoins in a short period of time. It’s still unclear whether this is the work of Morgan Stanley. The company made no comment to Bloomberg on the veracity of its claims to buy Bitcoin.
Bitcoin & Institutional Investors
A few years ago it seemed inconceivable to most people that one day institutional investors would invest heavily in Bitcoin. But now in 2021, it has finally become a reality and there’s a really high possibility that the situation will continue.
In addition to the Grayscale Bitcoin Trust, which has been on the market for a long time and currently holds almost 650,000 bitcoins, the MicroStrategy company in particular invested heavily at the end of 2020. Today the company, led by its CEO Michael Saylor, holds more than 70,000 bitcoins. Then Tesla came into play, being led by Elon Musk, who had previously expressed his interest in cryptocurrencies. His company invested $1.5 billion in BTC in early February.
In total, more than 1.2 million bitcoins are held by institutional investors, according to Bitcointreasuries.org. There are even more of them, Tesla hasn’t been included in the list yet and there is still no information about the owner of the above wallet with 116,000 bitcoins.
With the growing importance of Bitcoin for institutional investors, the attention of the media and thus also of retail investors is increasing. The entire industry is growing strongly right now and there is little evidence that this growth will slow in the near future.
What do you guys think? Who is the owner of a mysterious wallet with 116,000 bitcoins? Feel free to share your thoughts in the comments!
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