Bitcoin Adoption Mid-Stage wit Institutional Inflows and FOMO
Bitcoin adoption dey for mid-level, e follow power law like internet wey dey driven by wallet growth and demand. As Fidelity man Jurrien Timmer talk, market dey gradually mature well well, price cycles dey show gains and consolidation. Company wey dey do business dey use Bitcoin more. For Q2, 46 public companies don add Bitcoin, now total na 125 companies get 847,000 BTC ($91 billion). Dis momentum for Bitcoin adoption na because record $3.7 billion flow enter crypto products last week, wey raise AUM reach $211 billion, Bitcoin products dey make 85%. Retail FOMO don start again. First time buyers add over 140,000 BTC for two weeks. Even the EV maker Volcon plan private placement of $500 million, 95% go put for Bitcoin. The mix of institutional money and fresh retail demand show say bullish potential dey remain strong.
Bullish
Di report dey highlight say Bitcoin adoption don reach mid-stage wey strong institution dem dey put money inside and retail people FOMO dey grow. Corporate holdings don surge, crypto product AUM reach record levels, and first-time buyers dey enter market again. These kine dynamics mean say demand go strong steady, supply no go pressure, wey mean say price fit rally short-term and appreciate long-term.