MicroStrategy’s $500M investment in Bitcoin, now its primary asset reserve, has consistently made the headlines for over a week. Significantly, this move was viewed as an indicator of institutional interest since it has long been considered to be an important driver of Bitcoin’s price. During the historic bull run of 2017, institutional interest was key to the rally. In fact, at the time, the launch of CME’s Bitcoin Derivatives was considered to be a bold move during the bull run.

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