As Bitcoin reaches new all time highs, Sygnum has shared their perspective for Bitcoin investors.
Martin Burgherr, Sygnum Chief Client Officer:
“Bitcoin’s rally is being driven by strong fundamentals; institutional accumulation through ETFs, growing government-level exposure, as well as increasing strategic treasury allocations, are all contributing to a tightening supply environment.”
As noted in the update:
“With greater regulatory clarity emerging—particularly through the GENIUS and CLARITY Acts—we’re seeing renewed confidence among long-term investors. Bitcoin’s narrative as digital gold continues to strengthen, and its dominance reflects a deepening conviction in its role as a macro hedge. At the same time, large-cap altcoins are moving in step, suggesting the market is gearing up for broader momentum. Despite strong inflows, price action remains relatively contained—a sign of growing maturity and more deliberate capital deployment across the space.”
Key takeaways from the firm include:
- Bitcoin surpasses Visa for transaction volume: Bitcoin’s network processes an estimated USD 20tn annually in transaction volume, compared to around USD 13tn by Visa.
This reflects its growing use as a global settlement layer, “supported by rising institutional adoption through vehicles like ETFs.”
Institutional demand drives Bitcoin supply squeeze: Bitcoin’s liquid supply on exchanges has “declined to a near seven-year low.”
This is driven by strong accumulation from ETFs (now exceeding USD 150bn) and public companies (USD 80 bn), showing persistent institutional appetite.
- Long-term holding mentality for BTC dominates: Around 45 percent of Bitcoin’s circulating supply has not moved in three years or more, indicating long-term conviction and low speculative churn among holders.
- Bitcoin outscores gold as a store of value: On dimensions such as scarcity, authenticity, divisibility and portability, Bitcoin scores higher than gold. Bitcoin’s decentralised design and capped 21mn supply continue to attract investors seeking alternatives to fiat debasement.
- Bitcoin is the most battle-tested blockchain in existence: Bitcoin’s Proof-of-Work protocol has never been compromised in its 16-year history, cementing its place as the most resilient, future-proof blockchain in the industry.
- See Bitcoin’s energy use in context: While Bitcoin consumes 0.5 percent of global electricity, this is significantly less than AI and data centres. Its energy footprint is central to its security model and increasingly reliant on underutilised or stranded energy sources.
Lucas Schweiger, Sygnum Digital Asset Research Manager, says that as Bitcoin becomes increasingly relevant, distinguishing adoption trends from speculation and controversy is essential.