Joseph Young: There is not a lot of new capital flowing into the encryption market. It is only the return of existing funds.

On May 12th, cryptocurrency analyst Joseph Young said on his Twitter that the encryption market does not seem to have a large amount of new capital inflows, but the return of existing funds due to the overall improvement in Confidence/Comfort. However, it is also important to note that the high volume of transactions reported by GBTC (Bitcoin Investment Trust) indicates an increase in demand from qualified investors.