Douglas C. Borthwick | Source | Chief Business Officer at INX Ltd

INX is proud to partner with a global financial services powerhouse that is issuing financial-grade stablecoins. GMO has a very synergistic portfolio of businesses that directly align with our institutional customer base, which we are ideally positioned to service on the digital asset side as a US regulated exchange.

Of course institutions are driving the run higher, especially as real money institutions begin their start of year portfolio rebalancing. But global unrest certainly plays a part as well, in combination with retail introductions over the holidays… However, investors are not buying to trade. They are buying to hold. And each time they take ownership, the supply of Bitcoin in the marketplace shrinks, causing prices to rise. Coupled with increased adoption by retail, and the OCC promoting stablecoins as a disrupter over SWIFT and ACH and you have a cocktail for parabolic moves higher.