Big-Money Investors Who Boosted Bitcoin’s Price Might Now Crash It

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A key narrative in the crypto world in 2021 was the arrival of institutional investors to the space. Tesla (TSLA) bought $1.5 billion worth of bitcoin (BTC) and Wall Street banks like JPMorgan Chase (JPM) and Morgan Stanley (MS), as well as hedge funds, started allocating client assets to bitcoin that year.

Not only were these institutional investors a sign of…


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