Google searches for Bitcoin dropped to a 12-month low, reflecting reduced engagement from retail investors. This decline comes after Bitcoin previously peaked in popularity in November 2024.
Despite Bitcoin trading around 95,000 USD, retail participation is minimal. Horsley suggests institutional investors are the main drivers of its stability, underscored by significant inflows to Bitcoin ETFs.
Horsley emphasizes that the collective effort of a diverse range of investors is crucial for Bitcoin’s success, highlighting it as a fundamental strength amid global economic uncertainties.
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