Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
Ethereum Classic

Investors Show Interest in Bitcoin


One of the main challenges that Bitcoin must face is overcrowding. Needing more and more users and investors to enter the crypto market, so that the virtual currency gains value as a means of transactions, as well as a store of value. And in this process, institutional investors play a crucial role. So it is good news that they show increased interest in BTC.

The need to massify for Bitcoin

When Bitcoin was born from the hand of Satoshi Nakamoto, it did so with the aim of becoming an alternative to fiat money. Allowing people around the world to use cryptocurrency as a means to save, purchase goods and services, and make investments.

But after a decade since its launch, Bitcoin has still not managed to meet expectations and become a global currency. The main reason for this lies in the lack of massification of the cryptocurrency.

Well, for a currency like Bitcoin to really acquire value in the international financial system, it must be used in the daily transactions of a sufficient number of people. This so that it can be considered to have an intrinsic value, beyond the paper it is printed on or the bits on which it is programmed.

The role of institutional investors

And in this process of massification, institutional investors that manage billions of dollars, play an essential role. Well, if they enter the cryptocurrency market, this would send positive signals for the rest of the investors in the world. Who would start to see crypto assets as a more attractive investment.

Institutional investors show interest in Bitcoin thanks to Grayscale

However, this is a sector that has stayed away from the crypto market, at least until now. And it is that this is changing thanks to the entry of a company like Grayscale. Which allows institutional investors to show interest in Bitcoin. Acquiring it without having to worry about buying or storing them directly, Grayscale performs that process for them.

In this way, every day more institutional investors acquire Bitcoin through Grayscale, following this scheme. Thanks to which, the investment firms would be demanding up to 150% of the daily Bitcoin issue. What makes this our Today’s Data here at CryptoTrend.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More