Some stats indicate Bitcoin’s current rally could be more reliant on institutional investors than ever before.
Within 48 hours of Grayscale reopening its services to new investors on January 13, Bitcoin’s price shot up by almostd 20%, to once again hover just under the $40,000 mark.
During the same period, the institutional investment firm added 4,618 BTC to its portfolio at a current value of $182 million.