U.S. Institutions Power Bitcoin’s Bull Run

Institutional investors based in the United States played a critical role in driving Bitcoin’s recent surge in price. As U.S.-based entities accumulated more BTC holdings throughout 2023, prices of the cryptocurrency surged, signaling increasing American influence on the crypto market. This trend was driven by major hedge funds, asset managers and corporate treasuries, who began investing in Bitcoin after regulatory clarity and the introduction of new financial products like ETFs and futures.