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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Bitcoin is Assessed as Stable Amid Stock Market Surge, Experts: Quality Growth
Although the price of Bitcoin (BTC) has not been able to break its all-time high since May 22, institutional investor interest remains high. While IPOs and the S&P 500 continue to set new records, Bitcoin seems to be stagnant.
Trivariate Research founder Adam Parker stated that the movement of Bitcoin is now starting to resemble that of quality growth stocks, rather than being seen as the high-risk asset it used to be.
According to Adam, this change has made traditional financial players begin to see Bitcoin as a worthy asset to consider. Adam explained that the connection between Bitcoin and the conventional financial system, such as ETF products and custodial services, is a main factor.
Furthermore, Adam highlighted the fact that the number of wealthy people in the world far exceeds the total supply of Bitcoin, so the potential demand could continue to rise.