The price of Bitcoin (BTC) collapsed after setting its latest all-time high above $ 40,000, dropping to a low of $ 30,538, according to Messari. But, the important question here is, how did institutional crypto investors react?
Does Bitcoin’s volatility scare off big investors?
As we well know, the current bull run of the crypto leader is mainly sponsored by institutional investors. Consequently, the main fear following the Bitcoin pullback was whether investors would flee in terror.
However, it seems that those institutional investors who have been in the market for a long time and who, therefore, know about it, are immune from this type of movement.
Nic Carter, chronic Bitcoin bull and founder of Castle Island Ventures, he pointed what “After watching Bitcoin sink into a seemingly mature market, nothing puzzles me anymore.”
Meanwhile, a survey released today by Bitwise found that the number of US financial advisers assigning crypto increased by nearly 50% between 2019 and 2020.
Accordingly, growth in adoption and interest is expected to be extraordinary over the next year.
MicroStrategy Won’t Let Organizations Get Scared By Market Movements
MicroStrategy has announced which will be offering a free online course on strategies related to the leading crypto on February 3-4.
However, the course will be especially aimed at organizations. Accordingly, on the first day a general crypto strategy for Bitcoin will be offered, in addition to a review of crypto as a reserve asset, and on the second day, the ways in which corporations can integrate with Bitcoin will be explained to organizations.
Grayscale Bitcoin Trust is accepting new crypto investors
Grayscale has reopened its doors to new crypto investors for the majority of its digital asset trusts.
It is worth remembering that, on December 21, the company paused the entry of new crypto investors.
However, this does not mean that Grayscale was paralyzed. It is relevant to remember that all existing investors were able to buy more shares without any problems during this time.
In a few lines …
- PayPal reported a record volume of $ 242 million in crypto assets.
- Telegram has seen 25 million new users sign up to use the platform in the last 72 hours, according to its CEO Pavel Durov.
- According to Bakkt CEO Gavin Michael, Ripple’s crypto XRP will not be available on its platform.