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TechFlow reported on December 5, according to Reuters, Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, said that Bitcoin's breakthrough above $100,000 is mainly driven by the institutionalization within the industry this year, particularly the continuous inflows from ETFs. Institutional investors have purchased approximately 3% of Bitcoin's total supply in 2024.
According to Reuters, Geoff Kendrick, Standard Chartered's global head of digital assets research, said that Bitcoin's breakthrough of $100,000 was primarily driven by the institutionalization of the industry this year, particularly the continuous inflows from ETFs. Institutional investors have purchased approximately 3% of Bitcoin's total supply in 2024.
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