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In response to the reduction in inflows, Bitcoin analyst and statistician Willy Woo suggested the decrease was only temporary as more institutions and wealth management platforms will start making allocations in the coming months.The ETFs are just getting started, institutions and wealth management platforms will take a couple of months to complete due diligence before proper allocation begins.
Another development that many in the crypto industry had been wondering about for years finally arrived: Peter Schiff admitted that he should have bought Bitcoin in 2010 when a work colleague first mentioned it to him. He told Pal that he seriously considered buying BTC in 2010 when it was around $1 but ultimately decided against it, concluding the potential investment was “ridiculous.”
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- Gold’s record-setting runup in price has made many investors very happy over the last couple of weeks, with the yellow metal setting new all-time highs again and again as it climbed above $2,190 per ounce. But, one subset of precious metals investors are still waiting for their ship to come in.Gold price to hit $2,535 by the summer as its breakout is ‘unambiguous’ - Midas Touch’s Florian Grummes
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