Institutional Investors move towards bitcoin

Bibit Bot

Contributor
Morgan Stanley is one of the largest US-based banks in the world, and that makes its interest in cryptocurrencies, especially Bitcoin, a point worth noting. It’s such large institutions that really make a huge difference when a product needs general market acceptance. It won’t be different for Bitcoin if this huge bank goes ahead with its latest plan to offer Bitcoin trading facilities to its clients.
Despite of everything you told Lisa Shalett from the American bank Morgan Stanley the world gold market did not react at all to the recent trade war between some states, as well as to the currency crisis in developing countries. However, gold could take a stable position, so that when favorable factors become a safe asset for investors.
 

BitFit

Contributor
Anything new on the institutional investor front? Anyone following through with their announcements to offer or buy bitcoin?

Seems very quiet out there.
 

The CC Forums

Admin
Staff member
Anything new on the institutional investor front? Anyone following through with their announcements to offer or buy bitcoin?

Seems very quiet out there.
It is very quiet. We monitor the usual good crypto news sites, Coindesk, CoinTelegraph, CCN, etc. It doesn’t appear that much is going on publicly. Behind the scenes, who knows? The price declines of 2018 have led to marked declines in web traffic and web searches on bitcoin topics.

This isn’t the first such dry period for bitcoin. Hang in there. This is probably a good time to assess portfolios and jettison the junk. Realized losses can be used to offset taxable gains in same calendar year. Re-allocating can provide some benefit while still keeping you in the game.
 

The CC Forums

Admin
Staff member
Most have probably heard the news that Fidelity Investments will be the next large institution to move into the crypto space. Their announcement a few days ago wasn’t really a surprise, as they’ve been getting their feet wet in the space for a few years now.

Some perspectives on their plans can be found on CCN

https://www.ccn.com/what-led-the-wo...lly-integrate-crypto-after-1-year-of-testing/

We here at TCF share Novogratz enthusiasm about more institutional investors moving in and driving prices higher. But he and other crypto experts have maintained that thought for several months without much upward market moves.

Mike Novogratz: Institutions Will Get Into Bitcoin in Q1-Q2 2019 Bringing ‘New Highs’

At least so far bitcoin hasn’t broken through the bottom in pricing that he called in September. Now we just need some good news and buying demand to lift these markets.

Keep in mind that the next wave of growth will likely be much more focused on a small number of high quality cryptos rather than the ICO junk trends of 2017.

I feel investors will need to make this a primary criterion when rebalancing or opening new crypto positions.
 

Old Man Crypto

Expert chainblocker
It would be nice to see some of those institutions that everyone said would be entering this market soon. 6 months ago.

Updates? 2019? What coins actually survive this horrible market?
 

The CC Forums

Admin
Staff member
It would be nice to see some of those institutions that everyone said would be entering this market soon. 6 months ago.

Updates? 2019? What coins actually survive this horrible market?
It is definitely not a good year to be a crypto investor. Overall interest in bitcoin and web traffic for crypto has plummeted right alon with market prices.

Who knows if and when things reverse. As they say, only invest what you can afford to lose. Many were burned in 2018. Many will likely never return.
 

Old Man Crypto

Expert chainblocker
Maybe we’re starting to see the moves being made. Fidelity has plans to allow crypto trading for institutional investors within the next month.

Things are moving slower than some of us had expected last year, but at least it looks like progress is around the corner.

Bloomberg coverage
That’s a step forward. Retail investors can’t be far behind unless they think Coinbase already has that covered. Or they compete with lower fees and better service.

I expect one of the major brokerages will eventually buy Coinbase anyway.
 

koorper

Contributor
the entry of a major player like NYSE is the most disappointing part here, everyone believed to profit but it could not only increase demand and open up potential markets to new investors
 

CryptoTC

Crypto Fat Cat
Staff member
Bump.

Any new names besides Fidelity planning on anything soon?
 
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