Over the past year or two, we’ve seen a growing interest in #Bitcoin from major financial institutions, from the arrival of banks and hedge funds to the emergence of ETFs. However, a new report from Bank of America reveals that only 3% of Wall Street managers currently own #Bitcoin.
This means that despite all the hype and price growth, institutional adoption of #Bitcoin is still in its infancy. Every new percentage of Wall Street inflow can amount to billions of dollars in new capital. So even at its current price of around $115,000, #Bitcoin is still a long way from being saturated by large investors.