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Stop Waiting for Institutional Investors (They’re Already Here)

Stop Waiting for Institutional Investors (They’re Already Here)

BTC Casino / 2nd November 2018

The Bitcoin (BTC) and cryptocurrency markets continue to stagnate as trading volumes and retail interest continue to decline — but don’t be fooled. Average Joe might be disinterested in the prolonged bear market, but institutional investors and smart money are more keen to get involved than ever. 

Australian Gov’t Agency Unimpressed, Says Blockchain ‘At the Top of the Hype Cycle’
Friday October 26, 2018

Australia’s Digital Transformation Agency (DTA) doesn’t appear to be impressed with the current state of blockchain technology. According to its chief digital officer, the technology is being pushed not by […]

The post Australian Gov’t Agency Unimpressed, Says Blockchain ‘At the Top of the Hype Cycle’ appeared first on BTC Casino Gambling.

Do a Google Trends search for Bitcoin. What do you see?

Ripple Quarterly Report: XRP Sales Double in Q3 2018
Friday October 26, 2018

Ripple recently published its quarterly market report for the third quarter of 2018. The report shows an increase in XRP sales during Q3 as against the previous quarter. Q3 Ripple […]

The post Ripple Quarterly Report: XRP Sales Double in Q3 2018 appeared first on BTC Casino Gambling.

Pretty dire, isn’t it?
No matter which way you spin it, the mainstream interest in Bitcoin and the cryptocurrency market just isn’t there — a sentiment shared by cryptocurrency analyst Garrett Keirns. Keirns told Forbes that “the interest is just not there” and claims that the market “need[s] a catalyst to spark interest,” continuing:
People are afraid of losing money, especially the Coinbase retail crowd who bought in at $10k+.
Where the institutional investors at?
If you follow the cryptocurrency industry and don’t live under a rock, you’ve probably heard the term “institutional investor” thrown around excessively throughout 2018 — so much so that the smart money class of investors has become something of a Messiah to bagholders and rekt retail traders everywhere.
What these savior seekers are missing, however, is the fact that institutional investors are already here — and taking an interest in cryptocurrencies’ discounted prices. Nigel Green, founder and CEO of deVere Group, told Forbes:
We’ve seen – and are continuing to see – that there is an increasing feeling, especially amongst institutions, including financial ones, that they feel that they now need to explore digital currencies – and fast – or their rivals could get way out ahead and they might not be able to catch up.
The industry’s major players have bent over backward to get institutional investors involved, too. Coinbase has launched a platform of custodial services aimed specifically at smart money investors, while there are more ‘legitimate’ stablecoins now than you can shake a stick at.
Perhaps it’s time for retail investors to stop waiting for Godot and accept the reality of the situation — before they get left behind.
What do you think about institutional investors in the cryptocurrency space? Do you agree that they’re already here? Let us know in the comments below! 

Images courtesy of Shutterstock, Google Trends.
[Disclaimer: This article is not intended as financial advice. The opinions expressed within are solely those of the author and do not necessarily reflect those of Bitcoinist, as a whole.]
The post Stop Waiting for Institutional Investors (They’re Already Here) appeared first on Bitcoinist.com.

UK MP Wants to To Introduce Bitcoin Tax Payments
Tuesday December 11, 2018

UK Member of Parliament, Eddie Hughes, has called for local authorities to take a lead, and accept Bitcoin payments. The Conservative politician also believes that a lack of reliable information […]

The post UK MP Wants to To Introduce Bitcoin Tax Payments appeared first on BTC Casino Gambling.

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