Analyst: Bitcoin Doesn't Need Wall Street, But Wall Street Needs Bitcoin
According to a report by Cointelegraph, as reported by Jinse Finance, individual investors have sold 247,000 Bitcoins this year, while institutions, funds, ETFs, and governments have increased their holdings by 225,000. In 2024, individuals sold 525,000 Bitcoins to institutions and ETFs, while institutions accumulated an increase of 831,000. Analyst Sky Wee warns that Bitcoin is at risk of being monopolized by financial elites. As one of Forbes' 2025 "30 Under 30 Blockchain Visionaries," Wee emphasizes that Bitcoin does not need Wall Street, but Wall Street needs Bitcoin. He believes that while institutional participation brings liquidity and legitimacy, the true power of Bitcoin lies in individual self-custody and direct participation, rather than through ETFs or centralized platforms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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