BTC as a value of refuge? While the trade war initiated by Donald Trump is raging against the world, institutional investors seem to turn into bitcoins as a refuge. Indeed, Bitcoin ETF recorded $ 936 million in net posts in a single day, while the price of bitcoins found $ 90,000 and described its strongest day from January 17th.
- Bitcoin ETF has seen a massive influx of $ 936 million per day, a record from January.
- These massive investments indicate an increase in the perception of bitcoins as a value of refuge face to the face of the current geopolitical tension.
Institutional investors turn to BTC
Bitcoin ETF recorded yesterday $ 936 million in net itemsdenoting their strongest day since January 17th.
According to SOSVAVALUE, these items were carried out by ARK & 21shares with $ 267.1 million, followed by loyalty with $ 253.8 million and Blackrock with $ 193.5 million.
In total in the last three days bitcoins have seen ETF more than $ 1.4 billion in net items.
Bitcoin perceived as a refuge?
According to analysts, these massive entrances reflect and growing beliefs for the queen of cryptocurrency As coverage against geopolitical and macroeconomic tension.
“ENT items point to a structural change: institutional capital returns to crypto, powered by macroeconomic dislocations, favorable offer dynamics, and growing bitcoins as strategic assets.» »»
Min Jung, Analyst of Presto Research, share this opinion:
“Although it is still premature to qualify bitcoins as a full refuge”, its relatively slight decline in the last world risk events suggests that it is increasingly perceived as a form of digital gold »» »
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