Is Bitcoin a Good Investment: Analyst Predicts High Institutional Demand Post Covid-19

The global crisis and financial market turmoil have many investors looking into whether cryptocurrencies, such as bitcoin, are a good investment for them. A Japanese analyst has predicted high institutional investor demand for bitcoin post coronavirus crisis, giving three key reasons why the cryptocurrency is an attractive investment.

High Institutional Demand Expected Post Coronavirus Crisis

The covid-19 pandemic has led to an unprecedented economic crisis, with the IMF calling it the worst recession since the Great Depression. Companies are missing their earnings estimates and many traditional investments have taken a hit across the board. The crisis has investors scrambling to find safe haven assets, and more people are now asking whether cryptocurrencies, such as bitcoin, are a good investment.

Bitcoin Lab CEO Tetsuyuki Oishi, a guest crypto analyst at Japanese financial company Fisco, shared three reasons earlier this week why he sees considerable demand from institutional…