Part 6/14:
One of the most compelling stories this week is the growing involvement of banks and asset managers in Bitcoin. Major firms such as JP Morgan and Wells Fargo have disclosed holdings in Bitcoin ETFs, despite historically opposing or criticizing the asset class.
Data suggest over 400 institutional entities, including Europe’s second-largest bank and several other major financial institutions, are stacking Bitcoin via various ETFs and direct holdings. This widespread accumulation might signal a paradigm shift where traditional finance giants recognize Bitcoin as a strategic asset.