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That's certainly part of it, but the introduction of Bitcoin ETFs has played a huge role in this run as well. > On March 5, when Bitcoin reached a new all-time
by inhumantsar 3y ago
That's certainly part of it, but the introduction of Bitcoin ETFs has played a huge role in this run as well.
> On March 5, when Bitcoin reached a new all-time high, the BlackRock ETF (IBIT) saw a record inflow of $788.3 million in a single day. This meant that BlackRock had to buy over 11,000 Bitcoins, which likely brought Bitcoin to its new high.
https://finance.yahoo.com/news/blackrocks-bitcoin-etf-breaks-net-222445688.html https://finance.yahoo.com/news/blackrocks-bitcoin-etf-breaks...