BlackRock: “90% of investors are steadily accumulating Bitcoin (BTC)…not yet reflected in prices”

JH Kim

Summary

BlackRock’s head of digital assets said Bitcoin (BTC) investors are continuing steady accumulation even during downtrends.
He said about 90% of spot Bitcoin exchange-traded fund (ETF) investors are maintaining their holdings while continuing to buy the dip.
He added that institutional investors are also quietly buying Bitcoin, and that this accumulation trend has not yet been sufficiently reflected in market prices.

Forecast Trend Report by Period

An analysis has found that Bitcoin (BTC) investors are continuing to accumulate steadily even during downtrends.

On the 13th (local time), Robert Mitchnick, BlackRock’s head of digital assets, said in an interview with CNBC that investors in spot Bitcoin exchange-traded funds (ETFs) are holding onto their positions and continuing to buy the dip.

He explained, “About 90% of investors are steadily accumulating Bitcoin,” adding, “Institutional investors are also quietly buying Bitcoin.”

He went on to say, “This accumulation trend has not yet been sufficiently reflected in market prices.”