Bitcoin Decline Hasn't Changed The Thesis For Institutional Investors, Coinbase Chief Institutional Strategist Says
View original at finance.yahoo.comBitcoin Decline Hasn't Changed The Thesis For Institutional Investors, Coinbase Chief Institutional Strategist Says Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below…
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Bitcoin's recent decline is a setup seen multiple times before
80% confidenceInstitutional investors have been investing consistently over past five to seven years, not just buying the dip
80% confidenceBitcoin unlikely to reach $15,000 levels again due to reduced volatility and favorable U.S. administration
80% confidenceMiddle East investors use fossil fuel sales for Bitcoin investment, China uses trade surpluses
80% confidenceNet buying exceeds net selling on Coinbase platform
80% confidenceInstitutional investors in Hong Kong and UAE are leveraging natural resources to buy and hold Bitcoin
80% confidenceInstitutional investors are investing very heavily in adopting blockchain technology for infrastructure
80% confidence10-year returns: S&P made 2.5x, gold made 3x, Bitcoin made 11,000-15,000x
80% confidenceInstitutional investors' thesis of Bitcoin as store of value has not changed despite price volatility
80% confidence
Data points we hold from this source
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