Institutional investors are waiting on the sidelines for more crypto regulations, according to the chief strategy officer of market intelligence firm CoinShares.
Bitcoin (CRYPTO: BTC) has surged over 14% this week and hovering around $44,000, a stark contrast to its position in January.
This upswing, termed by Demirors as the "most hated rally," in an interview with CNBC, comes amidst a backdrop of market disasters, bankruptcies, and regulatory challenges in 2022.
Also Read: SEC May Be Hinting About A Bitcoin ETF - Here Are Clues And Warnings We're Following
"The big traders, the ...