Analysis: This round of the Bitcoin bull market is more driven by institutions and long-term capital rather than retail speculation

BlockBeats News, May 22, Presto Research analyst Min Jung pointed out that this rise was mainly driven by the funding accumulation of companies such as Strategy, Metaplanet, and Twenty One Capital, indicating that this bull market is more driven by institutions and long-term capital rather than retail speculation. Roshan Robert, CEO of OKX US, believes that the Bitcoin rally is the result of multiple factors such as corporate treasury strategies, a surge in ETF inflows, macroeconomic uncertainty, and favorable regulatory signals.

Presto Research maintains its $210,000 Bitcoin price target for 2025, as announced at the end of 2024. (The Block)