POPA Recon🔹Why Institutions Are Buying Ethereum Now (Bitwise) source
🔹Why Institutions Are Buying Ethereum Now (Bitwise) source 1. The market begins to stop responding to bad news. - Despite the negative news of custody hacking, CLARITY Act delay, and selling by large holders, Bitcoin actually rose. - Bitwise interprets this as a signal of a bottom forming rather than a harbinger of further plunge. - The final sell-off everyone is waiting for may have already ended. 2. The driving force is the $20 trillion model portfolio - Client assets managed by Morgan Stanley, Wells Fargo, UBS, Merrill Lynch, etc. are $20 trillion. - Even if they include just ~2% of Bit a…
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