The leading crypto experienced a major setback, but institutional investors seem to be immune to Bitcoin volatility.
The price of Bitcoin (BTC) collapsed after setting its last all-time high above $40,000, falling to a low of $30,538, according to Messari. But here the important question is, how did the crypto institutional investors react?
Does Bitcoin’s volatility scare big investors?
As we well know, the current bullish run of the leading crypto is mainly sponsored by institutional investors. Therefore, the main fear after Bitcoin Profit downturn was whether investors would run scared.
However, it seems that those institutional investors who have been in the market for a while and therefore know it, are immune from such moves.
Nic Carter, a chronic Bitcoin bull and founder of Castle Island Ventures, noted that „after seeing Bitcoin go down in a seemingly mature market, nothing puzzles me anymore.
Meanwhile, a survey released today by Bitwise found that the number of U.S. financial advisors assigning crypto increased by nearly 50 percent between 2019 and 2020.
As a result, adoption growth and interest is expected to be extraordinary over the next year.
Investing in Bitcoin (BTC) is not an easy task, what do the experts think?
MicroStrategy won’t let organizations be scared off by market movements
MicroStrategy has announced that it will be offering a free online course on leading crypt-related strategies on February 3 and 4.
However, the course will be specifically targeted at organizations. Therefore, the first day will offer a general Bitcoin crypto strategy, as well as a review of crypto as a reserve asset, and on the second day, organizations will be introduced to the ways in which corporations can integrate with Bitcoin.
- Elon Musk Wouldn’t Refuse Bitcoin Payments
- Grayscale Bitcoin Trust is accepting new crypto investors
- Grayscale has reopened its doors to new crypto investors for most of its digital asset trusts.
It is worth remembering that on December 21st, the company put the entry of new crypto investors on hold.
However, this does not mean that Grayscale has stalled. It is relevant to remember that, all existing investors were able to buy more shares without any problem during this time.
In a few lines…
PayPal reported a record volume of USD 242 million in active crypto.
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 their platform.