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Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist

The decline in institutional investment may be one reason behind bitcoin's failure to hold above $60,000.

Updated Mar 6, 2023, 2:58 p.m. Published Mar 15, 2021, 5:41 p.m.
Total bitcoin flows

Bitcoin (BTC) retail investors have picked up the slack amid an apparent decline in institutional inflows so far this quarter, according to a report by JPMorgan strategist Nikolaos Panigirtzoglou.

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The decline in institutional investment may be one reason behind bitcoin's failure to hold above $60,000, as CoinDesk has reported. However, all eyes are on a pickup in retail investment, especially given a new round of U.S. stimulus checks going out in recent days.

  • Retail investors have purchased over 187,000 bitcoins so far this quarter, compared to roughly 172,684 by institutional investors, according to JPMorgan estimates.
  • Institutions were heavy buyers in Q4, far outpacing retail investment.
  • But now, both retail and institutional bitcoin flows are more equally balanced compared with Q4.
  • The news was reported earlier by Bloomberg.
Table shows a breakdown of bitcoin flows since 3Q 2020.
Table shows a breakdown of bitcoin flows since 3Q 2020.

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