Big banks and investment firms like Grayscale, BlackRock, and Fidelity are buying a lot of Bitcoin, which is driving its price up.
There’s a limited supply of Bitcoin, with only 21 million ever going to be available.
But a good chunk of it is already lost or held by big players like exchanges and mysterious “whales” who own a lot of it.
These whales could include anyone from the anonymous creator of Bitcoin to big companies like MicroStrategy.
Even governments like El Salvador are getting in on the action.
Basically, the big money is moving into Bitcoin, which is making it more valuable, but it’s also raising questions about who really controls it.
This information comes from the BBC.
https://www.bbc.com/news/technology-68434579