The massive arrival of ETFs, the strategic accumulation of companies such as Strategy and the burgeoning interest of governments are reshaping the Bitcoin market. This exclusive study by The Big Whale details how these flows could add $1.5 trillion to its capitalisation over the next 12 months.
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Aleksandar Bukovski is Lead Analyst at The Big Whale, where he specializes in decentralized finance and crypto-assets. His published work at The Big Whale covers topics including stablecoins, tokenized finance, DeFi protocols, Bitcoin mining, and institutional adoption of digital assets. He also hosts the Market Call, a recurring market analysis format produced by The Big Whale.
Prior to joining The Big Whale in February 2025, Bukovski spent five months as a Research Analyst at The Block, a crypto-focused information services firm, where his stated focus was tokenization. He holds an Engineer's degree in Finance and Financial Management Services and a Master's degree in Investment Management, both from the Faculty of Technical Sciences at the University of Novi Sad, Serbia.
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