Can Bitcoin touch $55000?
Ever since Satoshi Nakamoto wrote the Bitcoin whitepaper in 2008, it has mainly been retail investors who have shown an interest in this asset class. Institutions have kept their distance. This however seems to be changing. I argue below that since institutions control the bulk of investible assets, even minimal interest from them, as they learn to maneuver the world of cryptos, could lead to Bitcoin touching $55,862.
Why have institutions have stayed away from bitcoin for so long?