Analyst: Bitcoin may hit a record high due to corporate accumulation and ETF inflows

Odaily News According to Bernstein analysts, Bitcoin may soon reach new all-time highs due to increased corporate accumulation and ETF inflows. Analysts point out that the current demand-supply dynamics of Bitcoin make it difficult to be bearish on the asset. Recently, SoftBank, Tether, Bitfinex and Cantor Fitzgerald jointly launched a new Bitcoin corporate treasury project called Twenty One Capital, which is expected to hold 42,000 BTC in the initial stage. Analysts predict that as companies and ETFs continue to accumulate, Bitcoin may break through the current price range and reach new highs. (The Block)