Bitcoin's price has surpassed $104,000, driven by institutional investments and a surge in spot Bitcoin ETFs, which have reached lifetime flows of $40.33 billion. This rebound shows strong investor confidence as institutions have increased their holdings rather than selling during market dips. Additionally, corporate adoption of Bitcoin is accelerating, with predictions of a significant rise in companies holding Bitcoin as a reserve asset in the near future, marking a transformative shift in how corporations view cryptocurrency in their financial strategies.
"Lifetime net flows is #1 most imp metric to watch IMO, very hard to grow, pure truth, no bs," said Ericl Balchunas, Bloomberg Senior ETF Analyst.
"ETF resilience suggests institutional investors not only just didn't flinch during recent market corrections, but started buying more - a key signal that further shows Bitcoin's base is strengthening."
"Bitcoin treasury companies are getting exponentially more powerful," noted Strategy Executive Chairman Michael Saylor at the recent Bitcoin For Corporations event.
"A tidal wave" of more companies will be adopting Bitcoin as a reserve asset, according to Simon Gerovich, CEO of Japanese public company Metaplanet.
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