Why is Bitcoin thriving and Satoshi climbing the r

Why is Bitcoin thriving and Satoshi climbing the rich list?

Bitcoin’s latest milestone comes in the wake of significant institutional adoption, especially after the approval of 11 Bitcoin spot ETFs in the United States on the 10th of January 2024.

These ETFs opened the door for institutional and traditional investors to buy and hold Bitcoin directly, fueling a steady inflow of capital.

As on the 14th of July, total assets under management (AUM) across Bitcoin ETFs hit $143.26 billion, per CoinGlass.

This strong institutional support—alongside whale accumulation—has helped BTC outperform traditional financial instruments like Gold and the S&P 500 on a year-to-date basis, according to data from Artemis.

Is there a long-term