Bitcoin Rally Backed by Institutional Money, Says Devere Group CEO

Devere Group chief executive Nigel Green said the latest Bitcoin rally is being driven by “serious institutional money,” indicating that large‑scale investors are allocating capital through regulated products.

Institutional Flow Highlights

U.S. spot Bitcoin ETFs recorded a net inflow of $433 million on September 18, following $159.5 million the previous day. Across the five‑day period ending September 21, total net inflows amounted to roughly $6.1 million after earlier withdrawals of $746.3 million on September 15‑16. BlackRock’s IBIT fund led the positive flow, while funds tied to Ether and XRP continued to see outflows.

Supply Constraints vs. Monetary Policy

Green pointed to Bitcoin’s fixed supply of 21 million coins as a structural advantage compared with rising public debt and tighter monetary conditions. The Federal Reserve raised its policy range to 3.75 %–4 % on September 16, increasing the opportunity cost of holding a non‑interest‑bearing asset.

Regulatory Outlook

Clearer U.S. regulations could unlock additional demand from pension funds and wealth managers. Green noted that the failure of the CLARITY Act to advance on September 15 leaves the market‑structure framework unresolved, but he expects a larger pool of allocators once rules are solidified.

Market Sentiment

According to Green, the current buying pattern suggests the market floor has moved higher, and “the bulls know” Bitcoin is now a permanent fixture in global portfolio discussions.