21Shares Doubts Bitcoin’s January Price Surge, Sees Institutional Influence

Hany Rashwan, co-founder of 21Shares, has expressed skepticism regarding Bitcoin replicating its January price surge to new highs. This sentiment reflects a shift towards stabilizing Bitcoin as an institutional asset rather than relying on speculative rallies. 21Shares is actively working to position Bitcoin in the crypto ETP/ETF market, emphasizing long-term potential over short-term gains.