In an interview with Stansberry Research on October 7, he pinned such a price increase to a wave of institutional funds pouring “an enormous wall of money” into the asset.
Bitcoin’s price has exploded about 40% year-to-date and was worth $11,387 on Thursday.
It is also the largest digital currency by market capitalization, at about $200 billion, according to data published by Statista.
“Just from what I know from all of the institutions, all of the people I speak to, there is an…
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