Bitcoin’s Secret Surge: Is It Just Institutions Playing? 😏

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In the most recent revelation from Bitwise CEO, Hunter Horsley, it appears that despite Bitcoin’s price tag soaring to a staggering $95,000, the buzz around it on Google is, well, crickets. Yes, the search volume for “Bitcoin” is dipping to some rather unremarkable lows. Weird, right? 🧐

Now, as we all know, Google search trends are usually a good indicator of retail curiosity. But, according to Horsley, the latest Bitcoin surge is not being driven by your average retail investor. Nope, it’s those big, corporate, institutional suits—corporations, advisors, even nations getting cozy with BTC. It’s not the “little guy” this time—who needs the “little guy” when you’ve got institutional money flowing in? 💼💸

Horsley goes on to say that the range of investors getting their hands on Bitcoin is broader than ever before, signaling a dramatic shift in the market. Who would have thought Bitcoin would one day become the playground of nations and tech companies? Definitely not the Bitcoin enthusiasts of 2017! 😎

Meet the Major Bitcoin Holders (Yeah, You’re Probably Not One of Them)

According to Bitcoin Treasuries (they keep track of all the big wallets), public companies now hold 705,373 BTC. That’s a whopping 3.35% of the total supply. Strategy (formerly MicroStrategy), who were early adopters, have been joined by other high-profile players like Japan’s Metaplanet and Semlar Scientific, a California-based med-tech firm. Not your typical investors, right? 💼🦸‍♂️

On the national level, countries own 529,705 BTC (2.52% of the total supply). The U.S. is still holding the biggest chunk with 207,189 BTC—worth a staggering $19.6 billion. China isn’t far behind with 194,000 BTC, or about $18.31 billion. The U.K. follows with 61,000 BTC, worth $5.76 billion. And in case you thought tiny countries weren’t in on the game, Ukraine holds 46,351 BTC, worth $4.37 billion, while Bhutan and El Salvador aren’t far behind either. It’s a global Bitcoin fiesta! 🌎💰

Oh, and in case you thought that was all the Bitcoin excitement for the day—Horsley made a bold prediction. He claims Bitcoin could one day hit a $50 trillion valuation. Yep, you read that right. He envisions BTC not just as a digital gold alternative, but something comparable to Treasuries and the U.S. dollar. Now that’s some ambitious optimism, my friend! 💥🚀

Horsley further emphasized that, as the world increasingly looks for digital solutions to store value, Bitcoin could become the go-to asset. Who needs gold when you’ve got Bitcoin? 🏅

The “Welcome Sight” for Bitcoin (You’re Not Imagining This)

Meanwhile, Charles Edwards, founder of Capriole Investments (a quantitative crypto hedge fund) is also singing a similar tune. According to him, Capriole’s Bitcoin Energy Value has shot past $130K for the first time this month. This suggests Bitcoin is trading at a 40% discount to its “fair value.” A 40% discount after halving? Sounds like a “welcome sight” for the market, he says. Well, that’s one way to spin it. 🏷️💥

Now, sure, discounts can widen—but Edwards reminds us that Bitcoin has always returned to its fair value eventually. So, if you’re lucky enough to be in the market at the moment, you might just be in the sweet spot. Go ahead, take that 40% discount and thank me later. 😏💸

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2025-04-28 14:26