Bloomberg analyst: Wall Street is quietly accumulating BTC

Wall Street is quietly accumulating Bitcoin (BTC), Bloomberg ETF analyst James Seyffart said during an appearance on the New Era Finance podcast. He noted that the first quarter of this year was the most successful in crypto history. Despite sluggish price action for BTC, Seyffart observed strong demand for spot BTC ETFs from asset managers. He pointed out that since the ETFs launched, MicroStrategy has continued to buy BTC while retail investors have been selling, which indicates a shift in market leadership toward institutional players. The crypto market, he explained, grew with a focus on retail investors first, unlike other asset classes, and institutions are now beginning to take control. Seyffart added that the traditional four-year cycle may no longer be as significant and that the upward structure for BTC will likely remain intact as long as overall market confidence is maintained.