Skip to content
Real Cryptocurrency Hub

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
    • العربية
  • News
    • Mining
    • Bitcoin (BTC)
    • ATM
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • ✉ Contact
  • Home
  • Bitcoin (BTC)
  • Institutional Investors Experiencing FOMO as Bitcoin Rally Continues
  • Bitcoin (BTC)
  • Crypto News

Institutional Investors Experiencing FOMO as Bitcoin Rally Continues

Blaine Matta December 7, 2020 3 min read
Institutional Investors Experiencing FOMO as Bitcoin Rally Continues

The price rally of the world’s first cryptocurrency, Bitcoin, is drawing a lot of attention. The previous rallies experienced by Bitcoin had primarily been a source of excitement for retail investors, this time around, the bull-run is also drawing in a lot of high net-worth individuals. In the last week, BTC was able to stabilize above the $18,000 mark and the performance of the asset has brought it into the limelight, which means it is now on the radar of some major investors. Bloomberg recently published a report, which outlined how major investors were moving into the Bitcoin market because they were experiencing the Fear of Missing Out (FOMO). 

According to the report, a lot of institutions had already invested money into the pioneer cryptocurrency, and others were keeping track of its performance to consider a possible purchase. A crypto executive at PricewaterhouseCoopers, Henri Arslanian explained that the action of institutional investors was the most prominent difference between this current bull-run of Bitcoin and the one it had seen in 2017. Arslanian said that the bull-run of 2017 had been primarily driven by the FOMO of retial investors, whereas the same psychological trait could now be seen in institutional investors. 

Even though Bitcoin has not convincingly managed to break its all-time high record, the asset seems to be moving forward towards the $20,000 mark. This is one of the reasons that institutional investors are considering investing in Bitcoin, along with the fact that it has managed a 170% gain year-on-year, something no other asset has accomplished in 2020. It is no secret that institutional investment has gone up in this year where Bitcoin is concerned. The standout firm in this regard is none other than MicroStrategy, the largest provider of cloud-based business intelligence solutions in the world. The company had completed a Bitcoin purchase worth $425 million in August, as it made a move into what is referred to as the ‘Bitcoin standard’. 

It has made further purchases as well and so far, it appears that the investment has paid off for MicroStrategy. Considering the market prices, the company’s purchase of Bitcoin has turned into a payday of $730 million. In addition, the firm has actually managed to make more money from its Bitcoin bet than it has from its core business in the last three years. Therefore, it is expected that other institutions will also be making their way into the market in the next couple of months. It was reported by Bloomberg last week that a number of Wall Street stalwarts had also begun to debate the potential of Bitcoin in usurping gold’s place as the world’s reserve asset.

According to the report, support of investment giants like Stanley Druckenmiller and Paul Tudor Jones had worked in Bitcoin’s favor. However, for Bitcoin to be able to take gold’s position as the global reserve asset, a more substantial influx of institutional investors would be needed, even though the numbers are quite impressive. Grayscale has also made a move in the market and others need to follow for Bitcoin to continue moving upwards.

Post Views: 583

Continue Reading

Previous: Peoples Bank Of China To Begin Next Testing Phase Of The Digital Yuan
Next: China to Test P2P Transfers as a Part of Pilot Project for Digital Currency

Related Stories

Crypto Broker Genesis Slashes Workforce and Announces CEO’s Exit
2 min read
  • Brokers
  • Crypto News

Crypto Broker Genesis Slashes Workforce and Announces CEO’s Exit

August 18, 2022
Galaxy Digital Terminates Bitgo Acquisition Deal
3 min read
  • Crypto Marketplace
  • Crypto News

Galaxy Digital Terminates Bitgo Acquisition Deal

August 17, 2022
Bank Of Russia Intends To Launch Digital Ruble In 2024
3 min read
  • Crypto News

Bank Of Russia Intends To Launch Digital Ruble In 2024

August 16, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$21,410.00
-8.62%
ethereum
Ethereum (ETH)
$1,704.58
-9.04%
tether
Tether (USDT)
$1.00
0.13%
usd-coin
USD Coin (USDC)
$1.00
0.23%
binancecoin
BNB (BNB)
$286.86
-5.66%
ripple
XRP (XRP)
$0.341807
-9.70%
cardano
Cardano (ADA)
$0.469605
-11.50%
dogecoin
Dogecoin (DOGE)
$0.070040
-10.91%
polkadot
Polkadot (DOT)
$7.52
-10.41%
Uniswap
Uniswap (UNI)
$7.14
-9.97%

Recent Posts

  • Crypto Broker Genesis Slashes Workforce and Announces CEO’s Exit

    Crypto Broker Genesis Slashes Workforce and Announces CEO’s Exit

    On Wednesday, digital asset broker Genesis made several announcements, the first of which was that its chief executive
  • Galaxy Digital Terminates Bitgo Acquisition Deal

    Galaxy Digital Terminates Bitgo Acquisition Deal

    Mike Novogratz, the founder and chief executive, of Galaxy Digital Holdings, announced that the company had chosen to
  • Bank Of Russia Intends To Launch Digital Ruble In 2024

    Bank Of Russia Intends To Launch Digital Ruble In 2024

    A paper detailing the priorities of the Russian central bank for its monetary policy between the 2023 and
  • Class-Action Lawsuit Accuses Robinhood Of Market Manipulation

    Class-Action Lawsuit Accuses Robinhood Of Market Manipulation

    A class-action lawsuit was recently filed against Robinhood, which supports stock and crypto trading, and the platform has
  • JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review Suppose you are interested in trading cryptocurrencies but are hesitant to do so due to

Start Trading

Categories

Top Posts

  • Jack Dorsey Unveils Bitcoin Academy with Jay-Z

    Jack Dorsey Unveils Bitcoin Academy with Jay-Z

    Former Twitter CEO and the current CEO of Block, Jack Dorsey has entered into a partnership with Jay-Z
  • Dogecoin Co-Founder Claims He Has Been Harassed Online

    Dogecoin Co-Founder Claims He Has Been Harassed Online

    The story of the American programmer, Billy Markus, is the same as that of everyone who has invented
  • Alternative Coins Which Are Speculated To Have A Boom In Their Value During March

    Alternative Coins Which Are Speculated To Have A Boom In Their Value During March

    Austin Arnold is the Altcoin Daily’s co-founder and a crypto trader. He has mentioned eight alternative coins which
  • Top 5 Cryptocurrencies to Keep an Eye on in September

    Top 5 Cryptocurrencies to Keep an Eye on in September

    The crypto-monetary industry made significant gains in August, regaining territory lost during the crisis of May 2021. The
  • “Non-Adoption Crypto Poses More Risks”, Says CEO of Australia’s Biggest Bank

    “Non-Adoption Crypto Poses More Risks”, Says CEO of Australia’s Biggest Bank

    In the words of Matt Comyn, the CEO of Commonwealth Bank of Australia, which is the biggest financial

Archives

You may have missed

Crypto Broker Genesis Slashes Workforce and Announces CEO’s Exit
2 min read
  • Brokers
  • Crypto News

Crypto Broker Genesis Slashes Workforce and Announces CEO’s Exit

August 18, 2022
Galaxy Digital Terminates Bitgo Acquisition Deal
3 min read
  • Crypto Marketplace
  • Crypto News

Galaxy Digital Terminates Bitgo Acquisition Deal

August 17, 2022
Bank Of Russia Intends To Launch Digital Ruble In 2024
3 min read
  • Crypto News

Bank Of Russia Intends To Launch Digital Ruble In 2024

August 16, 2022
Class-Action Lawsuit Accuses Robinhood Of Market Manipulation
2 min read
  • Crypto News
  • Cryptocurrency/Cryptocoin

Class-Action Lawsuit Accuses Robinhood Of Market Manipulation

August 15, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • CTmatador
  • DXCBIT
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Virtual Payout
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • ArgoTrade
  • Global Solution
  • CTProz
  • Alfabtc
  • JP Crypto
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$21,410.00-8.62%
  • ethereumEthereum(ETH)$1,704.58-9.04%
  • tetherTether(USDT)$1.000.13%
  • usd-coinUSD Coin(USDC)$1.000.23%
  • binancecoinBNB(BNB)$286.86-5.66%
  • rippleXRP(XRP)$0.341807-9.70%
  • cardanoCardano(ADA)$0.469605-11.50%
  • SolanaSolana(SOL)$37.35-8.85%
  • dogecoinDogecoin(DOGE)$0.070040-10.91%
  • polkadotPolkadot(DOT)$7.52-10.41%
  • UniswapUniswap(UNI)$7.14-9.97%
  • bitcoin-cashBitcoin Cash(BCH)$118.25-10.66%