Wall Street's 'Suitcoiners' Term Sparks Bitcoin Concerns

According to PANews, Bloomberg's senior ETF analyst Eric Balchunas shared on the X platform that a new term, 'Suitcoiners,' has emerged among Wall Street financial professionals. Derived from 'Real Suits,' the term is used to describe all ETF, government, and institutional buyers. There are concerns that if Suitcoiners were to collude, they might pose a threat to Bitcoin's structure in the future. However, Balchunas believes this scenario is unlikely, citing similar unrealized fears regarding stock voting. Nonetheless, the apprehension remains palpable.