Bitcoin’s recovery could prove more durable if institutional allocations continue, Devere Group CEO Nigel Green said on Sept. 21. He argued that buying through regulated investment products indicates longer-term ownership and that institutional demand has shifted market control toward buyers. U.S. spot bitcoin ETFs attracted $433 million on Sept. 18, although flows across the five trading days totaled only about $6.1 million after larger withdrawals earlier in the week. Blackrock’s IBIT led the rebound, while ether and XRP funds continued to see outflows. Green also cited Bitcoin’s fixed maximum supply of 21 million coins against rising public debt and pressure on central banks. The Federal Reserve’s unanimous quarter-point rate increase on Sept. 16, which lifted its benchmark target range to 3.75%-4%, nevertheless raises the opportunity cost of holding a non-yielding asset. Grayscale described the move as a limited adjustment within the current Fed cycle, distinguishing one or two potential increases in 2026 from the prolonged tightening that began in 2022. Green said clearer U.S. crypto rules could bring pension funds and wealth managers into the market, though the CLARITY Act failed to advance after a 60-vote procedural setback on Sept. 15. He acknowledged continued volatility and pullbacks while maintaining that Bitcoin is becoming a permanent part of global portfolio discussions.