Bitcoin’s 23% Week Is Institutional Money, Not Retail, Says Pantera’s Cosmo Jiang
Bitcoin has seen a significant weekly gain of over 23%, pushing its price to $77,412. Pantera Capital portfolio manager Cosmo Jiang attributes this surge not to retail investors, but to institutional "smart money" entering the market. Key catalysts include President Donald Trump's support for the Clarity Act and the U.S. Treasury's bond buyback plans, which have driven non-yielding assets higher.
- Entities
- Topic: Artificial Intelligence
- Person: Cosmo Jiang
- Topic: Cryptocurrency
- Company: SEC
- Game: Bitcoin
- Person: Donald Trump
- Company: Pantera Capital
- Company: CFTC
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