
Cantor Fitzgerald has significantly increased its exposure to Bitcoin by purchasing over $1 billion in MicroStrategy ($MSTR) shares during the fourth quarter (Q4), marking its largest position. This move was orchestrated by Howard Lutnick, who is also overseeing Donald Trump's new Sovereign Wealth Fund. Meanwhile, Bernstein analysts have indicated that the Bitcoin bull market is poised for further growth, driven by institutional investments and recent developments such as the approval of spot Bitcoin ETFs and the momentum from Trump's election. They suggest that the influx of institutional money, including from sovereign wealth funds, positions Bitcoin as a strong contender against gold. Standard Chartered also anticipates increased buying from sovereign wealth funds, with Abu Dhabi's fund already holding 4,700 BTC through BlackRock's ETF. The price of Bitcoin has seen significant gains, reaching a high of $100,000 following Trump's election and currently trading at $96,044.







Standard Chartered sees more sovereign wealth funds buying bitcoin Frank Chaparro also sees this https://t.co/T9AXk8sveW
[THE BLOCK] Standard Chartered sees more sovereign wealth funds buying bitcoin $BTC
$500K Bitcoin target maintained at Standard Chartered as new buyers will step in https://t.co/VP4apFnkZh https://t.co/y7l9tBGKAC