Hundreds of asset managers have already reported owning
#Bitcoin ETFs.
Now some of the biggest banks are disclosing their ownership of Bitcoin ETFs: UBS, JPMorgan, Bank of Montreal, Wells Fargo, BNP Paribas and many more...
Some of these are small holdings, others from $50m to many hundreds of millions.
The important thing is that the taboo of owning Bitcoin among institutions is being smashed right before our eyes.
An allocation to Bitcoin is no longer "crazy".
All of this while the price of Bitcoin effortlessly floats above $60,000 and with zero hint of market mania.
Will a huge parabolic run happen this time?
I wouldn't bet against it.
Whatever shape this bull market takes, we are now at the beginning of a very long run of mainstream adoption.
End of the beginning.