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wheelz1200

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Quote from: exstasie on October 27, 2020, 03:48:21 PM

Quote from: Symmetrick on October 27, 2020, 05:37:36 AM

36% have already invested in cryptocurrencies, of which the majority hold at least 10% of their managed funds in cryptocurrencies.

The most popular cryptocurrencies for investment are Bitcoin and Ethereum:

Bad news for all the Bitcoin maximalists still hoping Ethereum will one day die. It's already completely entrenched among exchange traders, not to mention DEXs. Now, institutions as well. It's going to perform wonderfully in the next bull run.

Thats fine and all but eth goes as bitcoin goes. What happens when bitcoin completely tanks? What happens when bitcoin completely bulls? Bitcoin pulls the strings of every other currency. Investors usually don't put all their eggs in one asset class into one product. People who buy gold usually buy silver too. Etc etc.

exstasie

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Quote from: Symmetrick on October 27, 2020, 05:37:36 AM

36% have already invested in cryptocurrencies, of which the majority hold at least 10% of their managed funds in cryptocurrencies.

The most popular cryptocurrencies for investment are Bitcoin and Ethereum:

Bad news for all the Bitcoin maximalists still hoping Ethereum will one day die. It's already completely entrenched among exchange traders, not to mention DEXs. Now, institutions as well. It's going to perform wonderfully in the next bull run.

Upgrade00

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Professional Community manager

In 2020 so far;
• Bitcoin has been adopted by public firms like microstrategy, Square, Riot etc have invested their reserve funds into Bitcoin.
• PayPal have integrated Bitcoin into their payment system
• Grayscale have recorded over 2% of Bitcoin holding under their AUM.

It's no surprise that more institutional investors are interested in Bitcoin, and by extension a couple of altcoins.

Quote from: Dragonfund on October 27, 2020, 10:36:20 AM

Imagine if US allows cryptocurrency as alegal ( not legal and not illegal), some top countries has done the same which has been bullish for bitcoin.

This would be interesting to see, and is the position we had in Nigeria for a while till recently when the government released a publication which considered all cryptocurrencies to be securities until proven otherwise.
If the US government took this position there would be positives as well as downsides; while there would be no taxes on earnings, there would also be no explicit law governing its usage, so bitcoins can be held up by banks on the basis of being suspicious. Also an unregulated cryptocurrency market would be open to scams and fraudulent projects (not that regulation completely eradicates this).

avikz

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This trend has just started and I am sure it will gain more and more traction in coming years! Corporates have started understanding the impact of cryptocurrencies and at the same time looking for some astronomical profit out of it! So it's not surprising that the trend will continue for years to come.

Apart from EU, I am sure a lot of other corporates are interested in similar kind of investment. But the lack of favorable law is holding them off. Let's hope for the situation to change for better!

Dragonfund

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@juggy777 you don't have to quote the whole thread to reply Ratimov.
The European institutional investors aren't the only interested in bitcoin this days. There is rise of crypto adoption in Africa and it's growing at rapid rate. Take a look at p2p transactions daily volume on naira metrics, their is increase in retail and merchant as well which is generally exciting and bullish for bitcoin.

According glassnode today, the last time bitcoin was in bullish mode was August 2019, if bitcoin maintain this green level, 15k is imminent.
It will be interesting if US can get on board and reduce some rules and regulations imposed on investors by SEC. Imagine if US allows cryptocurrency as alegal ( not legal and not illegal), some top countries has done the same which has been bullish for bitcoin.

Juggy777

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Quote from: Symmetrick on October 27, 2020, 05:37:36 AM

Recently, a large report from Cointelegraph was released, which conducted a study and survey among European institutional investors who have already invested or are going to invest in cryptocurrencies:

The report can be read here: https://s3.cointelegraph.com/storage/uploads/view/cointelegraph-research-discovering-institutional-demand-for-digital-assets-in-dach-region.pdf

More than 55 institutional investors were surveyed, including banks and pension funds:

36% have already invested in cryptocurrencies, of which the majority hold at least 10% of their managed funds in cryptocurrencies.

The most popular cryptocurrencies for investment are Bitcoin and Ethereum:

Quote

“As a result, 61.15% of surveyed professional investors either already own digital assets or plan to buy them in the future.”

The greatest interest among investors is bitcoin and security tokens:

Well, the trend to revise the classical form of the institutional portfolio continues, more and more institutional investors are interested in investing in Bitcoin and other cryptocurrencies, which of course is good news. Aside from new investors, those who have already invested in cryptocurrencies will also ramp up their investments, as previously reported by Decrypt:
Institutional Investors Say They’ll Buy More Bitcoin: Survey

Sources:

- https://s3.cointelegraph.com/storage/uploads/view/cointelegraph-research-discovering-institutional-demand-for-digital-assets-in-dach-region.pdf
- https://forklog.com/opros-61-institutsionalov-uzhe-investirovali-v-kriptovalyuty-ili-sobirayutsya-eto-sdelat/

@Ratimov I’m not surprised by those European investors decision to invest in bitcoins, because their economy has been badly effected due to the pandemic, and in bitcoins they see an opportunistic asset which can help them earn record profits in the long term. Furthermore if you see Robert Kiyosaki too has been encouraging people to invest in bitcoins, and many institutional investors follow him, hence it’s quite possible that they may have been influenced by his tweets about bitcoin.

Sources:

https://www.lombardodier.com/contents/corporate-news/investment-insights/2020/october/does-europes-second-wave-cast-do.html

https://twitter.com/theRealKiyosaki/status/1319494317812060161

https://twitter.com/theRealKiyosaki/status/1318008182803820545

Symmetrick

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