Bitcoin Reigns, Dominates 99% of Inflows in Cryptocurrency Investments

Published 19/07/2023, 09:35
© Reuters.  Bitcoin Reigns, Dominates 99% of Inflows in Cryptocurrency Investments

  • Bitcoin’s dominance: captures 99% of inflows in cryptocurrency investments.
  • Max Keiser’s provocative statement: ‘Everything goes to zero against Bitcoin.’
  • Bitcoin’s rise absorbs $140 million in inflows amid crypto investment surge.

In a recent tweet, Bitcoin maximalist Max Keiser made a bold statement, declaring, “Everything goes to zero against Bitcoin.” This tweet came as a response to a tweet by Bitcoin Archive, which highlighted the overwhelming inflows into Bitcoin compared to other cryptocurrencies.

According to CoinShares’ weekly report, Bitcoin accounted for an astounding 99% of the $140 million inflows into cryptocurrency investment products last week. This surge in investment represents the largest rush of capital into the sector since Q4 of 2021, when Bitcoin reached its all-time high of $69,000. Interestingly, Bitcoin seemed to capture the lion’s share of investment interest, absorbing $140 million of the total inflows.

The report stated, “Bitcoin saw inflows totaling $140 million, comprising 99% of all inflows.” It also revealed that sh…

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