Bitcoin Touches $18.8k As World’s Largest Asset Manager Fuels Institutional FOMO

”Do I think it’s a durable mechanism that … could take the place of gold to a large extent? Yeah, I do, because it’s so much more functional than passing a bar of gold around”

-Rick Rieder

Bitcoin is enjoying its four seven-week streak of gains since the eight-week run in early 2017. Source: TradingView, CoinDesk
Chart showing “investor-held” bitcoin (orange line) rising while “trader-held” bitcoin (yellow line) keeps falling. Source: Chainalysis

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