Once governments define Crypto currency rules and regulations clearly, more institutions will invest in Crypto currencies. They are always a bit behind the latest technologies.
Topic: Binance Report Claims That Less Than 7% of Crypto is Owned by Institutitions - page 2. (Read 377 times)
April 14, 2019, 01:07:10 AM
Yes, I think the reason for this is KYC/AML regulations and also having to adhere to other financial regulations and local laws that governs the use of other currencies and/or commodities. Some institutions use Payment processors to bypass these restrictions, so that they do not have to deal with bitcoins directly and they just convert all bitcoins back to Fiat currency.
Once governments define Crypto currency rules and regulations clearly, more institutions will invest in Crypto currencies. They are always a bit behind the latest technologies.
Once governments define Crypto currency rules and regulations clearly, more institutions will invest in Crypto currencies. They are always a bit behind the latest technologies.
April 14, 2019, 01:00:28 AM
calling it "owned" is stretching it too far in my opinion because most of them don't actually own these coins. for example Binance itself is holding a lot of coins ranging from bitcoin to lots of small altcoins but they do not "own" them they are just holding them because their users are using their centralized platform and have made a deposit in their wallet.
April 14, 2019, 12:31:32 AM
it may be the truth but important thing is market is bear for a long time.if there is a fomo, i wonder how much will it be the intitutions percentage.they dont see any reason to enter the market when its bear.
April 14, 2019, 12:25:25 AM
That data could be true, but I will speculate that it will also changed assuming that Bakkt could be approved and Bitcoin ETF will be given a go signal by SEC.
And eventhough the market is making a positive gains, institutional money is not willing to take that big risk today but I'm sure they are more willing to enter when the market starts to rise again.
And eventhough the market is making a positive gains, institutional money is not willing to take that big risk today but I'm sure they are more willing to enter when the market starts to rise again.
April 14, 2019, 12:13:15 AM
I think this is true. If we say 7% we think that this is a small part. But in terms instution that crypto it is too large percentage that bitcoin owned. I will not suprised because of the number of users and investors all over the world. And I am not also suprise if it is going bigger and wider for the next following months and years because many merchant are now accepting bitcoin as a payment so bitcoin's usage will be also increasing.
April 14, 2019, 12:06:58 AM
This should be glad tidings if it's true because 7% is infinitesimal. It surely will help prevent heavy dumps that may lead to the death of cryptocurrency. We have seen what the little dumps here and there have caused the crypto space already let alone if institutions with a large share were to dump.
April 13, 2019, 11:59:37 PM
If it's true that the institution is involved in cryptocurrency and owned that percentage then we can't do anything about it. However, we still got no specific evidence to prove it but I guess they are regulating it for their own reasons. It's a big percentage but I'm sure that they have it for a purpose.
April 13, 2019, 10:44:54 PM
Binance Research Report Claims That Less Than 7% of Crypto is Owned by Institutions
What do you think ? Is this true?
We have no other data to dispute their claims, if we trust their findings we have to consider that this is a new market and regulations are not in place in majority of the countries and yet having a 7% investment from financial institutions is a big deal, just imagine the amount of money that will be invested into the market when proper regulations and clarity are set in place and consider what the price of bitcoin would be if that happens. What do you think ? Is this true?
April 13, 2019, 10:34:55 PM
There is a thread here lately with a title : Do you think Institutions secretly HODL Bitcoin?
Heres the link : https://bitcointalksearch.org/topic/do-you-think-institutions-secretly-hodl-bitcoin-5104633
I think this thread of yours serve as an answer for the link that i posted above .
Now what if institutions hodl a crypto ? I think this was a good news and we must be happy for it because this adds to the price of cryptos although 7% may seem to be small but thats better than nothing
Heres the link : https://bitcointalksearch.org/topic/do-you-think-institutions-secretly-hodl-bitcoin-5104633
I think this thread of yours serve as an answer for the link that i posted above .
Now what if institutions hodl a crypto ? I think this was a good news and we must be happy for it because this adds to the price of cryptos although 7% may seem to be small but thats better than nothing
April 13, 2019, 10:24:30 PM
It's probably true, because institutions are very conservative, whereas cryptos are hyper-volatile. But another way of thinking about it is how large seven percent is, and the potential for future growth. The groundwork is being laid right now for more institutional investment, which can propel this market to new heights given how small it is compared to other markets.
April 13, 2019, 09:45:11 PM
Binance Research Report Claims That Less Than 7% of Crypto is Owned by Institutions
https://www.newsbtc.com/2019/04/13/binance-research-report-claims-that-less-than-7-of-crypto-is-owned-by-institutions/amp/
What do you think ? Is this true?
https://www.newsbtc.com/2019/04/13/binance-research-report-claims-that-less-than-7-of-crypto-is-owned-by-institutions/amp/
What do you think ? Is this true?
Jump to: