24 Jan Institutional Investors Boosting Cryptocurrencies, Expert Says
[ad_1]
A managing director at Grayscale Investments says institutional interest in the cryptocurrency space has positively impacted its funds’ performance.
Though investing in cryptocurrencies has proven to be volatile, a flurry of institutional investors has helped improve values in the sector, according to one firm.
Cryptocurrency values have experienced a recent upswing, slowly bouncing back from the 2018 crash that sunk the price of one of the best known digital currencies, Bitcoin, to just over US$3,000 from a high of almost US$20,000 in 2017.
Since the burst of the crypto bubble — which was based on high investor excitement and little else — pushed the entire sector down, coins in the digital currency industry have slowly made gains over the last few years.
In the last month alone,…
[ad_2]
Source link