Institutional Investors are already buying Crypto.

in #bitcoin6 years ago (edited)

If you've been patiently waiting for bitcoin's price to jump for it to signal the entry of institutional investors then you just might be late because they are already in.

annual-report-61851_1280.jpg

source

According to a bloomerg report, institutional investors have reportedly purchased over $100,000,000 worth of crypto through private transactions. Most of these are done via OTC(over the counter) and not on exchanges. No wonder bitcoin's price is not bulging much.

Institutional investors are still very much interested in the cryptocurrency space and as much as they are buying them privately, there is only a limited of them going around. The price will eventually explode.

source:https://www.forbes.com/sites/andrewarnold/2018/11/09/how-institutional-investors-are-changing-the-cryptocurrency-market/#117296195bfd

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That's good news! Thanks for sharing!

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