Retail traders buying more Bitcoin than institutions: JPMorgan
Retail traders have been buying large amounts of BTC through PayPal and Square. According to research by strategists at leading U.S investment bank, JPMorgan Chase, retail traders are flocking to buy Bitcoin from mainstream fintech firms.JPMorgan’s data suggests that retail investors have purchased more than 187,000 Bitcoin this quarter using PayPal and Square. Retail investors are even out-buying institutions, with JPMorgan’s analysts estimating institutions have purchased 173,000 BTC over the same period.JP Morgan has analyzed fund flows from retail platforms and institutional vehicles....
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