Here are the developments that will start a new bull race

In the crypto money market, investors are expecting a new bull race after a market where most of the virtual money has lost between 65% and 95%. However, the stability of the markets in recent weeks may be related to wealthy investors and institutions that are saving money and crypto money.

Here are the developments that will start a new bull race

In recent months, there has been a significant development regarding the infrastructure specifically designed for institutional investors. At the same time, the market is moving towards improvement and improvement of processes. For example, Goldman Sachs and Citigroup are working on their own unconditional crypto money product that will be approved by the regulators and will be made available to institutional investors. At the same time, Morgan Stanley will offer Bitcoin clearing trade and already have the infrastructure needed to serve customers. In addition, countries such as the United States, Japan and Spain are also working on possible arrangements for the market.

In addition, the Intercontinental Exchange (ICE) will offer a new product and service specifically built for institutional investors. This will allow a player who is recognized and regulated in the crypto market. In addition, the US Securities and Exchange Commission (SEC) in the coming months may set a Bitcoin ETF. It will also allow companies and customers to start investing in virtual currencies in a regulated environment.

Institutional investors enter the market

In the last two months, Bitcoin has remained stable between $ 6,400 and $ 6,800. According to data provided by over-the-counter (OTC) brokerage houses and other key Wall Street companies, institutional investors are currently buying virtual money to save large amounts of crypto money. For example, Bobby Cho, global trade manager in Cumberland, says that the accumulation of institutional investors allows the market to work consistently at current levels, and adds:

One of the biggest criticisms against crypto by the institutional investors was volatility. During the last four to six months, the market was trading in a very narrow range, which seems to coincide with the fact that traditional financial institutions are more relaxed in the space.

Furthermore, Bobby Cho explained that a significant portion of the DRC’s OTC deals come from customers in Asia. This may be related to miners selling crypto coins or buyers from countries such as Japan, Hong Kong and China. Bobby Cho then emphasizes that institutional investors are entering the market.

The market attracts a significant number of investors and continues to grow

Danny Kim, president of SFOX, says stability in the crypto money market was created through the flow of corporate capital, and adds:

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