Institutional players like hedgefunds, banks, and even listed companies like Square (NYSE:SQ) and MicroStrategy (NASDAQ:MSTR) are buying Bitcoins. I shared my views on this phenomenon in this short video (written summary below): Covid-19 has negatively affect the economy. We saw a crash back in May 2020, which recovered rather quickly. This was partially due to the money printing policies by central banks and governments around the world. Noting this phenomenon, macro investor Paul Tudor Jones wrote a letter in May 2020 slamming the money printing measures and announcing that he is buying Bitcoin as a hedge against inflation. Since then, other institutional players have started buying bitcoin as well. Here are some key events: