While the narrative is institutional money, this phase, IMO, it's really institutions have given Bitcoin validation, and now we have family offices serving the wealthy rushing in needing exposure.
There's a lot of requests for $1m+ buys happening. — link
As the price of Bitcoin exceeded $37,000, the number of active addresses also hit a record high. According to data from coinmetrics, the number of active on-chain addresses reached 1.34 million on January 6, 2020, surpassing the record of 1.29 million on December 14, 2017. — link
NEW: Grayscale gains another $1.06 billion in crypto assets in 24 hours. Their total AUM now sits at $27.4 billion, up $7.2 billion over the last 7 days
#Bitcoin is now larger than these nation's currencies (M1):
Netherlands India Dominican Republic Sweden Hong Kong Poland Russia Saudi Arabia Austria Luxembourg Belgium Taiwan norway ireland Mexico Denmark Czech Republic Finland Portugal Singapore Greece Israel Turkey
CEO of Grayscale Bitcoin Trust says the world’s largest manager of digital assets is seeing increased interest from pension funds and endowments — link