How Institutionals View Bitcoin



Despite the sharp decline in the Bitcoin exchange rate that occurred on January 11, institutional investors, apparently, are not going to refuse to invest in BTC.

So, the founder of SkyBridge Capital Anthony Scaramucci wrote on the social network Twitter that, on the contrary, “invests to the maximum”, especially on this decline. At the same time, in December it became known that SkyBridge had invested $ 182 million in bitcoin.

Castle Island Ventures founder and bitcoin enthusiast Nic Carter noted that yesterday’s drop in the first cryptocurrency was not impressed at all:

“I didn’t feel anything when the rate reached $ 40,000, and even now I don’t feel anything. Maybe I will be glad when BTC will cost $ 100,000? After the “matured” cryptocurrency market collapsed by 50% per day in 2020 and the BTC rate reached $ 3,000, it’s hard to impress me. ”

Eric Wall, CIO of Arcane Assets, said he was happy when bitcoin surpassed $ 30,000. He would have felt anxiety if it dropped to $ 16,000:

“If you think about it, this ‘drop’ to $ 30,000 is just another powerful signal to buy bitcoins. Fundamental factors suggest that bitcoin is becoming a real asset comparable to gold. And this trend is only developing. “

Recall that Messari believes that institutions in 2021 will be interested in Ethereum.

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Karice Dabule

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