Bitcoin has attracted $732 billion in net new capital since November 2022, surpassing the combined inflows from all previous market cycles. The realized market cap reached a record $1.1 trillion.

The latest BTC bull cycle showed a shift in trading composition. More new capital from institutions flowed in compared to all other cycles, bringing down the year’s average volatility. BTC attracted ...

This paper contributes to the relatively limited literature on the impact of political uncertainty on international capital flows to emerging market economies. We incorporate elections as a proxy for ...