Bitcoin

Secure

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/corporate-demand-for-bitcoin-surges-dramatically" data-wpel-link="internal" rel="noopener noreferrer nofollow">Corporate Demand for Bitcoin Surges Dramatically</a><br></p>
<p style="text-align: justify">Ki Young Ju, the CEO of CryptoQuant, revealed on October 29 that there is a notable rise in demand for <a href="https://en.bitcoinhaber.net/coinbase-introduces-cbbtc-for-defi-access" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> among corporate investors. Over the past year, a significant amount of Bitcoin has been moved into wallets designated for major holders. This trend includes transfers beyond exchanges and mining pools, illustrating a shift in the market landscape.</p>
<h2 style="text-align: justify" id="strong-why-are-corporations-increasing-their-holdings-strong"><strong>Why Are Corporations Increasing Their Holdings?</strong></h2>
<p style="text-align: justify">Ju pointed out that corporate players are prioritizing security in their investments, choosing more reliable storage options. Currently, corporate wallets are responsible for a substantial portion of the 670,000 <a href="https://en.bitcoinhaber.net/bitcoin-price-falls-below-62000" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> held in major wallets.</p>
<h2 style="text-align: justify" id="strong-what-sets-etfs-apart-from-whale-wallets-strong"><strong>What Sets ETFs Apart from Whale Wallets?</strong></h2>
<p style="text-align: justify">According to Ju, while ETF wallets typically maintain balances below 1,000 BTC, larger wallets are usually under corporate management. This distinction highlights a growing trend towards secure storage solutions among corporate entities, suggesting a future increase in demand for both spot Bitcoin ETFs and secure wallets.</p>
<p style="text-align: justify">Key findings from this report include:</p>
<ul>
 <li>Corporate demand for Bitcoin is rising sharply compared to individual investors.</li>
 <li>Secure storage solutions are becoming increasingly popular among large-scale investors.</li>
 <li>ETF wallets tend to hold less Bitcoin than corporate wallets.</li>
 <li>Recent market activity has resulted in a notable price increase for Bitcoin.</li>
</ul>
<p style="text-align: justify">In light of these developments, Bitcoin’s price has surged by 3.90% in the last 24 hours, hovering around $71,000. This uptick has also been accompanied by a dramatic increase in trading volume, which rose by 145.55%, reaching $47.48 billion, with Bitcoin experiencing over a 5% price rise just in the past week.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/corporate-demand-for-bitcoin-surges-dramatically" data-wpel-link="internal" rel="noopener noreferrer nofollow">Corporate Demand for Bitcoin Surges Dramatically</a></h5>

Corporate Demand for Bitcoin Surges Dramatically

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