Dec 28th 2020
2020: The Year Bitcoin Went Institutional
In the spirit of Christmas, we want to give you all access to this week’s edition of “The Weekly Update” - for free! In this week’s edition of “The Weekly Update”, we’re rounding up the year with a bunch of interesting charts, including predictions. Enjoy!
The year of the institutions
In 2020, bitcoin finally got the attention of institutional investors. The broad financial markets have been volatile amid the COVID-pandemic, but the central banks have intervened pushing monetary stimulus and governments have launched large fiscal stimulus packages. The backdrop of the intervention has been a sharp increase in M2 (+25%) and looming fears of inflation. This in turn brought institutional attention to Bitcoin, due to its store of value properties.