Bitcoin recently crossed the $52,000 mark 🚀 

But this is NOT driven by retail investors buying BTC. 

When crypto price increases are caused by retail investor interest, there's also a corresponding spike in Google Search volumes.

This is because a large number of people follow the trend and start buying Bitcoin.

Meme lord. Web3 degen and LinkedIn KOL growing on Farcaster from scratch. 43k+ followers on LinkedIn → https://www.linkedin.com/in/arammughalyan/

Now, this may not seem a lot, but they manage trillions of dollars.

So this 1% translates into billions of new dollars flowing into crypto.

Which is causing this Bitcoin price pump. 

Given the upcoming Bitcoin halving in April and the growing institutional appetite for crypto, I am very bullish on Bitcoin in 2024!

However, this time Google Search volumes are declining while Bitcoin price is increasing!

How's this possible?

Welcome institutional investors and their new tool - BTC ETFs.

Large institutions are often allocating ~1% of their assets to BTC ETFs.