Sergej Kunz co-founder at exchange aggregator 1inch says retail investors will soon run out of time for Bitcoin accumulation as institutional adoption speeds up.
BitcoinBTCKunz stated during Cointelegraph’s LONGITUDE in Dubai that the crypto currency is becoming an alternative to reserve currencies, which could push up institutional demand at the expense of retail investors.
“Every retail user should be thinking about getting at least one Bitcoin — very soon they won’t be able to afford it,” Kunz said.
He said that if the United States begins to buy Bitcoin as a reserve for strategic purposes, smaller countries will soon find it difficult to obtain the currency. “I’m pretty sure we’ll soon see countries battling over who owns more Bitcoin. The US will start.”
The demand for bitcoin has increased since US President Donald Trump imposed sweeping tariffs against US imports back in April. This sparked a worldwide trade war.
“The only thing that still acts as a true hedge — across borders, against inflation — is Bitcoin,” Animoca Brands Co-founder Yat Su spoke during the panel.
Related: US President Donald Trump issues 90-day pause on reciprocal tariffs
Global Reserve Asset?
Bitcoin Exchange-Traded Funds (ETFs), which are a type of ETF, were active during the week from April 21 to 25. attracted more than $3 billion in inflows Institutions seek to ensure safety “digital gold” Despite the increasing macroeconomic uncertainties,
According to analysts, financial institutions are putting pressure on the demand for credit. could push Bitcoin’s price as high as $200,000 This year, the average Bitcoin price is expected to be around $1. Bitcoin adoption by institutional Bitcoin users could reach 2029. propel the cryptocurrency’s price past $1 million, Bitwise’s head of European research, André Dragosch, said.
Bitcoin “[t]he silver lining is that economic uncertainty has historically accelerated institutional interest in digital assets as a diversification strategy,” David Siemer is the co-founder of Wave Digital Assets and its CEO. told Cointelegraph.
Bitcoin ETFs, institutional funds and other Bitcoin-related assets are worth more than $128 billion as of May 1, according to data from BitcoinTreasuries.NET. Data shows that the corporate treasuries have another $73 billion.
Sovereign states — including the US, China, and the United Kingdom — collectively hold more than $130 billion worth of BTC. Most of these holdings come from crypto assets that have been seized by the law enforcement and not actual Bitcoin purchases.
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Source: cointelegraph.com
