According to Yulong Liu, head of global partnerships at Babel Finance, Bitcoin’s recent mass adoption was primarily fueled by institutional and corporate buyers. Their participation paved the way for large-scale corporations to follow.
Liu told Forkast. News that while he believes this tendency will continue, he believes it will do so at a slower rate this time. Bitcoin’s fundamentals have not altered and continue to be robust.
Meitu’s stock price soared to HK$4.11 on February 17, its highest since March 2019. It benefited from the Bitcoin Bull Run this year. The stock price of Meitu has been declining since April, and it ended today at HK$1.65.
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MarkRoberts
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