Bitcoin near $80,000 as institutional research highlights preferred-stock demand

Bitcoin’s retreat toward $80,000 has coincided with growing attention in institutional research to its long-term returns and emerging sources of demand. A gap remains between those assessments and portfolio allocations, while preferred-stock financing has become another channel for Bitcoin purchases. In her broadcast on October 26, Bitcoin journalist Natalie Brunell discussed JPMorgan’s long-term return assumptions and Fidelity’s research on purchases financed through preferred shares. She said the findings reflected financial institutions’ increasing attention to Bitcoin’s investment characteristics and demand. Bitcoin ended last week near $80,000, its lowest weekly close since September, Brunell said.

Source: TokenPost