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Bitcoin’s 30% year-to-date rally is outpacing gold and major stock indices, driven by institutional adoption and favorable policy developments. VanEck’s Matthew Sigel highlights corporate treasury accumulation and spot ETF inflows as key demand drivers. Regulatory clarity and potential Fed rate cuts could further bolster BTC’s momentum.
- Corporate treasuries bought 300K+ BTC in 2024—double spot ETF absorption—with MicroStrategy and MetaPlanet leading accumulators.
- Bitcoin volatility hit ~23% in July (decade-low), easing institutional allocation based on Sharpe ratios.
- Three key crypto bills (GENIUS, CLARITY, Anti-CBDC) under review in DC, with 89% odds for stablecoin legislation passing in 2024.
📎 Related coverage from: dailyhodl.com
Other Tags: Matthew Sigel, Morgan Stanley, SPY, VANECK, Merrill Lynch, Metaplanet, Spot Bitcoin ETFs, U.S. Federal Reserve