Investors have purchased more Bitcoins than institutional investors, indicating their increased influence.
The increased influence of retail investors is a result of stimulus payouts, and the NFT craze.
The activities of the Reddit WallStreetBets community have influenced the Bitcoin market.
Research strategists at JPMorgan Chase, a top U.S investment bank, revealed that there are more retail traders investing in Bitcoin than there are institutional traders.
The report reveals that retail investors have bought over 187,000 Bitcoin using Square and PayPal this quarter. However, institutional investors bought 173,000 BTC, which means retail investors have bought higher.
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