Why institutions suddenly give a damn about Bitcoin
As big players continue to enter the crypto space, institutions are becoming mega HODLers. Without a doubt, Bitcoin (BTC) has become an increasingly popular asset to own among institutional investors. By the end of the second quarter of 2020, Fidelity reported in a survey of almost 800 institutional investors that 36% owned crypto assets. A separate survey, conducted by crypto asset insurance company Evertas, shared that respondents believe hedge funds will increase their crypto holdings drastically. It also projected that 90% of institutional holders of crypto assets expect to invest even....
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Let’s double down on making crypto accessible and usable for real people. When Bitcoin (BTC) launched in 2009, it was motivated by the distrust of financial institutions and their fees and the inflationary practices by central banks during the Great Recession. Bitcoin was supposed to usher in an era of decentralization, financial inclusion and democratization. Yet more than a decade later, with Bitcoin prices surging, we’re witnessing the digital asset being hoarded by large, centralized financial institutions, risking the principles behind its creation. Bitcoin is now in danger of being....
DAMN, a research proposal seeking to provide arbitration for smart contracts, has been presented to the public. Its creators seek feedback to determine its necessity in a growing digital currency ecosystem. Community engagement. DAMN - or Decentralized Arbitration and Mediation Network - has been submitted to public forums and open platforms such as Github, Reddit, etc to seek public participation and voluntary collaboration to achieve a broad community engagement that could lead to funding and partnership opportunities. This could play out well considering that the interest in smart....
Another hurdle financial services and institutions need to address is mainstream digital asset adoption. The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset trading desks, regulatory and compliance frameworks, and audit and risk models. It is fair to say that digital assets have taken the financial services industry by storm. While the attention and investment from traditional finance in....
Institutional players are coming to the crypto ecosystem, but how will they impact the industry? Will they boost it or collapse it? The state of the world economy has pushed institutional investors to look for alternative methods of investment. And more and more often, Bitcoin (BTC) is becoming such a tool.Since August, business intelligence firm MicroStrategy has purchased BTC worth a total of $425 million. At the same time, digital asset manager Grayscale Investments raised record amounts of money in both the first and second quarters of this year ($1.4 billion in total).But should we....
Regardless of Bitcoin’s price or future economic scenarios, Bitcoin mining will be a profitable activity. For years, institutional investors have been watching Bitcoin from afar with bewilderment and amusement, but with little to no participation. Although they were attracted by the high returns, they were scared away by Bitcoin’s infancy, lack of rules and the myriad headlines warning of hacks, bankruptcies and scams. In its early years, Bitcoin (BTC) lacked the on- and off-ramps required for most institutional investors, making it virtually impossible to get approved by any corporate....