Analyst: Bitcoin does not need Wall Street, but Wall Street needs Bitcoin.

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According to Cointelegraph, individual investors have reduced their holdings of 247,000 bitcoins this year, while institutions, funds, ETFs and governments have increased their holdings by 225,000. In 2024, individuals sold 525,000 BTC to institutions and ETFs, while institutions cumulatively increased their holdings by 831,000. Analyst Sky Wee warns that Bitcoin is at risk of being monopolized by the financial elite. As one of Forbes' 2025 30 Under 30 Blockchain Visionaries, Wee emphasized that Bitcoin doesn't need Wall Street, but Wall Street needs Bitcoin. He argues that while institutional participation brings liquidity and legitimacy, the real power of Bitcoin lies in individual self-custody and direct participation, rather than through ETFs or centralized platforms.

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GateUser-d4b6c183vip
· 05-14 14:41
Hold on tight, we are about to To da moon 🛫
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