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It has been argued that almost all large institutions in the United States are discussing Bitcoin (BTC).
On the 28th (local time), Eric Peters, CEO of One River, an institutional investment firm focusing on Bitcoin and Ethereum (ETH), told Bloomberg, “Bitcoin is “It’s a better bet than gold, thanks to its convertibility.”
“Unlike Bitcoin, gold cannot upgrade software. This is a drawback of gold,” he stressed, “Tomorrow, next year, and 10 years from Bitcoin will be completely different from now.”
Earlier, One River said, “We will invest $1 billion in Bitcoin and Ethereum by the beginning of 2021.” Until November of last year, One River was reported to have purchased more than $600 million worth of Bitcoin and Ethereum.
Tyler Winklebos, founder of Gemini, an American cryptocurrency exchange, also tweeted, “Recently, the number of hedge fund managers and investors I have talked to about bitcoin is unprecedented in the past. Even the most conservative of them talk about the future of the dollar. They’re worried. They want to know how to protect their funds.”
However, according to the latest report from Aite group, major institutional investors hesitate to enter the market due to’regulatory uncertainty’ and’technological complexity’.
According to the report, 25 major institutional investors who responded to the survey responded, “Before the adoption of cryptocurrency, there is still a concern about the lack of market infrastructure and security risks.”
In this regard, Director Gu Yanshi, a researcher at CBX of the Dubai Cryptocurrency Exchange, predicted in a column that “As the new US government’s regulatory position on digital currency becomes clear, the inflow of institutional funds to Bitcoin will accelerate.” .
“In the last two years, major BTC investors have changed from private to institutional. It is true that the absolute number of institutional investors is still small, but the institutional power is significant as the majority of market funds are concentrated in a small number of large institutions.”
“If industry regulatory uncertainty is resolved in the future, the inflow of new institutional investors will be faster. However, in the case of Bitcoin, there are still a lot of speculative funds and high leverage transactions. Investors should be wary of high volatility.”