Institutional interest in Bitcoin is surging, with prominent firms like Twenty One Capital acquiring large quantities of the cryptocurrency. This growing demand has contributed to a significant tightening of Bitcoin’s supply, as institutional holdings now represent nearly 9% of total supply. 2023 saw substantial growth in institutional investments into Bitcoin ETFs, driving further market activity. This increase in supply is impacting asset valuation, with experts predicting more robust correlations between Bitcoin and other markets like the Nasdaq in the near future. However, analysts also note that gold’s price has been overbought, potentially creating an opportunity for Bitcoin to gain value as a risk-on asset.