RATE Group | Institutional Investors Are Officially Entering the Cryptocurrency Market
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Institutional Investors Are Officially Entering the Cryptocurrency Market

23 Nov Institutional Investors Are Officially Entering the Cryptocurrency Market

Posted at 07:57h in Cryptocurrency News by

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Now that institutional investors are buying up Bitcoin, what will it mean for the cryptocurrency market?

Much of the early draw to cryptocurrencies was the high “crypto” appeal. No governments back cryptocurrencies. Cryptocurrencies aren’t standardised against any material commodity. Institutional investors like banks and investment firms stay away from them. Right?

Institutional investors have stayed away from cryptocurrencies in the past, avoiding high volatility. Aside from the latest Bitcoin dip, major cryptocurrencies like BTC and ETH have been stable lately. As a result, some institutional investors have been gaining entry to the cryptocurrency market. Some transactions could have been done overnight. Other operations required more planning and show more intent for long term involvement.

So, which institutional investors are getting involved? What are they up to? How will this affect the crypto market?

What Are They Up To?

Bloomberg reported that institutions…

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