Lark Davis: Bitcoin ETFs and Institutional Entries Will Trigger the Big Rally
Lark Davis: Bitcoin ETFs and Institutional Entries Will Trigger the Big Rally
Crypto analyst Lark Davis predicts that this bull run will be extraordinarily significant. He attributes the upcoming surge to institutional investors' participation and the demand for Bitcoin ETFs. Davis highlights the recent large accumulation of Bitcoin by fund issuers and leading companies, shedding light on the future potential of the crypto market.
Institutional Investments and Market Dynamics
Discover the reasons behind the anticipated major bull run in the crypto markets. In a recent post on X (formerly known as Twitter), Lark Davis predicted a massive bull run, which he described as "face-melting." He pointed to institutional investors as the most crucial factor distinguishing this cycle from previous ones. Specifically, the demand for US Spot Bitcoin ETFs has led to daily inflows of hundreds of millions of dollars.
Davis noted that in the last 18 trading days, fund issuers have purchased 56,150 BTC, which exceeds the new Bitcoin supply issued over four months. These aggressive purchases by institutions indicate a significant interest and investment in Bitcoin.
Accumulations by Leading Companies
Beyond fund issuers, leading companies like MicroStrategy, Block, and Semler Scientific are also regularly increasing their Bitcoin holdings. Davis also suggests that global asset managers and pension funds are positioning themselves to invest in Bitcoin, with growing interest from traditional financial institutions. #Bitcoin❗ #ETFvsBTC #CryptoNewss $BTC