#035 The surprising new bullrun driver

Dear subscriber

This month, we lift the lid on a buyer group that could have more impact on price action than either nation states or corporate treasury companies.

These buyers can move faster than nation states, while also contributing more sustained capital flows.

Because these buyers capture capital flows from TradFi, rather than divert finance from existing Bitcoiners as BTC treasury companies tend to, they can have a more explosive price impact.

The group: Sovereign Funds and Pension Funds.

Until recently, they have only dipped their toes in the water. However, based on our research—we believe Bitcoin is now poised for accelerated capital inflows from both these types of funds. We outline our thesis for this, and the impact we see this having on price, in this month’s newsletter.