According to Laboure, the increase of Bitcoin since November 2023 is due to a number of reasons. The authorization of Bitcoin ETFs sparked one of the greatest outpouring cycles in financial history. ETF inflows went over 20 billion in 2025. The halving of 2024 decreased supply, providing the scarcity-based demand.
She further attributed regulatory favoritism with the existing U.S. administration, the so-called Trump effect, to the better investment environment in crypto assets. The pro-crypto laws have allowed institutional entry and wider market legitimacy.
Deutsche Bank Notes Increasing Institutional Internalization
According to the Deutsche Bank analysts, institutional adoption is still one of the primary engines of the growth of Bitcoin. Exposure is being increased by companies such as MicroStrategy, corporate treasuries and hedge funds. Even central banks are considering using Bitcoin in their reserves diversification.
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