Are institutions still busy with Bitcoin? We talked to an expert about it
Are institutions still busy with Bitcoin? We talked to an expert about it
Photo with the kind permission of the Twitter page of James WO
- do institutes still feel as attracted to cryptocurrencies as at the beginning of the year? We spoke to an expert about this and what this means in the long term for the industry.
- Institutional investors still believe in the potential of Bitcoin in the long run, said DFG founder Jame where and referred to some recent steps that show their trust in crypto.
Institutional investors are to be behind the rally, which led the industry to new heights this year and finally led to Bitcoin reaching a new all -time high of over 64,000 USD. Since then, however, there have been contradictory reports on their position in the industry. Some have claimed that these investors have withdrawn and are waiting for a BTC decline to $ 23,000, while others claimed that these investors are accumulating and are patient with the crypto. We spoke to an expert about the attractiveness of Bitcoin for professional investors and how they can determine the future of the industry.
For James Where, despite the cooling of the number of large Wall Street names that support BTC openly, institutions are still on Bitcoin. Where is the founder and CEO of Digital Finance Group , a crypto-focused investment with a wide range of investments on both the primary and secondary Cryptoma market. The portfolio includes the crypto trading platforms Matrix and Bika as well as atken, a light wallet.
bet on Bitcoin
In conversation with CNF, said where:
I believe that funds with a long investment horizon are de facto on the long -term growth of Bitcoin. Many of them are either already exposed to Bitcoin or are on one way or another shortly before the market entry.
Where is the founder and chairman of the Ethereum Classic Labs, one of the first incubators, accelerate projects based on the Ethereum Classic Blockchain. He is also a board member of the French hardware wallet manufacturer Ledger and the Chamber of Digital Commerce, a blockchain trade association based in Washington.
Where to invested a recent investment by Capital International Investors-a unit of $ 2.3 trillion of the huge Capital Group-in which she acquired 12.2 percent from Microstrategy, the world's leading Bitcoin owner. The investment of around $ 600 million made the Capital Group the second largest owner of Microstrategy.
This is the type of investment that not only shows trust in Bitcoin, but also in the companies that invest in Bitcoin.
Where further pointed out that the current decline for these investors is nothing.
In addition - for those who have observed, learning and analyzing the industry and demand for years - these headlines that we are exposed are still within the expected parameters of the upward movement that we expect for Bitcoin.
If the institutional investors are still pro-bitcoin, the question arises: "How does it come that the price has fallen?"
replied where: "A certain part of this upward dynamics is already priced in our current price. However, scarcity is an essential factor that does not really have to work in the long run."
he added:
When I look into the future for ten years, I see an unused value with the mass adoption of the blockchain (similar to the introduction to the Internet in the late 90s and early 2000s) - and probably keeping Bitcoin out of pure profit.
Source: Crypto-news-flash.com
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