Latest CME Report Reveals Growing Appetite for Bitcoin Amongst Institutions

Bitcoin has been consolidating within the $30,000 region throughout the past few days and weeks Bulls and bears have largely reached an impasse, with buyers and sellers both being unable to spark any trend This comes as large institutional inflows show some signs of tapering, with these buyers largely being viewed as the ones responsible […]

Crypto startup Amber Group raises $530 million AUM as institutions, retail arrive

The crypto-finance company reported a 275% annual increase in assets under management in 2020.

Bitcoin: Institutions or individuals, who is benefitting the most?

Over the course of its history, Bitcoin has been largely dominated by retail trading volumes, however, this seemed to change in 2020 as institutions came knocking on the door.

Bitcoin Snowball Is Expected To Hit More Institutions in 2021

Institutionalization, professionalization, commercialization, and inclusion of bitcoin (BTC) in portfolios of hedge funds, treasuries and others is likely to continue its upwards trajectory, providing BTC with endorsement, recognition, and validation, further leading to adoption and price appreciation, according to industry insiders talking to Cryptonews.com.

Bitcoin and cryptos can 'go to zero,' says UBS after Myspace comparison

With Bitcoin emerging as one of the best-performing asset classes over the past 365 days, many financial institutions and investors have changed their tune on crypto, with some making sizeable allocat The post Bitcoin and cryptos can 'go to zero,' says UBS after Myspace comparison appeared first on AMBCrypto.

Why this on-chain analyst thinks Bitcoin whales aren't institutions

While most had high expectations from the crypto-market for the year 2021, it's safe to say that the market has well and truly exceeded these expectations.

British financial advisor calls on the gov’t to ban crypto transactions

Veteran financial advisor Neil Liversidge came to the UK Government and Parliament with a petition to ban crypto transactions. Neil Liversidge, a veteran financial advisor, has called on the government of the United Kingdom to ban transactions in cryptocurrencies like Bitcoin (BTC). Liversidge, the owner of the independent financial advisory firm West Riding Personal Financial Solutions, started a petition urging local financial authorities to stop crypto transactions in the UK The petition reads: “Legislate to prohibit the payment by or acceptance of cryptocurrencies by UK resident businesses or individuals, and require UK regulators (the FCA and PRA) to prohibit transactions by UK financial institutions in cryptocurrencies such as Bitcoin.” Liversidge cited a common anti-crypto narrative, arguing that cryptos like Bitcoin have no intrinsic value and “can be a destabilising influence on society, and often used for criminal activity.” The advisor also thinks that cryptocurrency mining is “harmful to the environment.” According to the UK Government and Parliament website, the petition’s deadline is July 7, 2021.

Cointelegraph Consulting: Institutions keep the Bitcoin bull market on track

Volatility and funding rates surge, but large BTC holders continue to accumulate. As the institutional investment narrative continues to play out, on-chain metrics show the continued accumulation of BTC in large addresses is still ongoing, with an increase of 9% during the previous 30 days alone.

Zcash (ZEC), Kusama (KSM) and Hedget (HGET) soar as Bitcoin hits $40K

Zcash, Kusama and Hedget are a few of the projects seeing their token values increase due to the unique set of issues they address. The sharp correction in Bitcoin (BTC) may have shaken out many leveraged traders, but the data shows whales and institutions aggressively purchased the dip and now bulls have shown they are determined to push Bitcoin price back above $40,000.

Strap in: New institutions wait for Bitcoin price rollercoaster to end

Bitcoin market volatility is scaring off new institutional investors, but meanwhile, old ones continue to buy up the BTC dips. As a result of the ongoing uptrend, many prominent institutions from the realm of traditional finance have sought to join the crypto bandwagon so as to not miss out on the ongoing action.

XRP Price Stable As Grayscale Plans to Dissolve XRP Trust Closing Investment Avenue for Institutions, But Why?

Despite the news that Grayscale’s XRP Trust is going to be dissolved and XRP may lose a significant amount of institutional investors, the XRP price has stabilized—But why? (Read More)

CrossTower Launches Capital Markets Desk to Bring Institutions to Its Spot Exchange

“Ultimately we end up with something that looks and feels a little bit like what you see in the prime brokerage space.”

Institutions Use This Strategy to Hide Their Bitcoin Orders

Having smaller orders in essence fools the market into thinking there is not much interest at those price levels when in fact there is.

Crypto custody firm graduates Singapore Monetary Authority’s regulatory sandbox

Singapore-based Propine emerged from the MAS regulatory sandbox with a Capital Markets Services License and an authorization to begin offering digital-asset services to institutions.

Russian Banks Given Power to Freeze or Block Crypto-linked Accounts

New Russian banking regulations will allow financial institutions to freeze or block the bank accounts of individuals or companies they think are associated with crypto activities. The rule change have been imposed by the nation’s Central Bank, which has outlined changes it will make to the existing banking code, stating that if they detect evidence signs of the

BTC Liquidity Crisis? Bitcoins on Exchanges Decrease as Whales Continue Accumulating

Is bitcoin in a liquidity crisis? The number of whales, BTC stored on exchanges, lost coins, and institutions allocating billions suggest so.

Bitcoin bull run could end if institutions go under, Komodo exec speculates

The likelihood of such a scenario is tenuous but not impossible. Famous for its volatility, Bitcoin’s price constantly waffles both north and south.

Grayscale CEO Says Crypto Interest Is Rising From Pension, Endowment Funds

Michael Sonnenshein said institutions are also making larger allocations to its crypto products.

‘Bitcoin Rich List’ Rebounds to Hit All-Time High

'Bitcoin Rich List' broke its all-time high as bitcoin's price continues to rally.

Institutional Custody Will Challenge Retail-Oriented Crypto

The bearer nature of digital assets presents challenges to institutions getting into crypto.

Oasis Protocol Adds Shyft Network in Bid to Attract Institutions to DeFi

Oasis Labs, creator of Oasis Protocol, appears to be looking to build an institution-friendly version of Ethereum's DeFi ecosystem.

Why Transferwise’s Co-Founder Backed This Blockchain Company

2020 was a massive year for blockchain adoption, with some of the largest financial institutions worldwide buying or integrating cryptocurrencies into their business model.

'Two cops on the beat': Regulator wants sole authority to charter fintech firms

The OCC’s acting head is pushing against the Consumer Financial Protection Bureau’s intention to charter non-depository fintech firms. Brian Brooks, the acting head of the US Office of the Comptroller of the Currency and former chief legal officer to Coinbase, has warned against the Consumer Financial Protection Bureau receiving the right to grant “Fintech Charters.” Earlier this week, the CFPB’s Taskforce on Consumer Financial Law published a report featuring 102 policy recommendations intended to “improve and strengthen” financial regulations, including proposing that Congress empower the CFPB to federally charter nondepository institutions — financial firms that do not take customer deposits and collect fees for other financial services. Under Brian Brooks’ leadership, the OCC created the Special Purpose Payments Charter for FinTech in 2020, paving the way for certain crypto firms to apply for recognition as a national bank.

Ripple Continues to Push for CBDC Development, but Will Banks Favor Stellar Lumens’ Technology Instead?

Ripple’s wish to develop CBDC with banking institutions remain a steady aspiration but has its reputation been tarnished by the SEC to the point of no recovery? (Read More)

Stanford group becomes 9th largest Uniswap delegate, overtakes UC Berkeley

Post-secondary institutions appear to be flocking the Uniswap exchange.

UBS Wealth Manager Says Large Institutional Buyers Quietly Fueling Bitcoin Boom

A private wealth manager at Swiss financial giant UBS is crediting institutions and wealthy investors for Bitcoin’s bull run.

Current 'Trickle Into Bitcoin' Could Become 'A Torrent' - Bill Miller

Bill Miller. As bitcoin (BTC)'s latest surge continues to convert ranks of legacy finance institutions into crypto-enthusiasts, legendary investor Bill Miller predicts that "the current relative trickle into bitcoin" could become "a torrent." "If inflation picks up, or even if it doesn’t, and more companies decide to diversify some small

Institutional Bitcoin Buying Could Push Price to $45K, What Happens They Start Taking Profits?

Bitcoin surged over 300% in 2020 on a wave of institutional buy in—but what happens when institutions decide to sell in 2021? (Read More)

Bitpay’s CCO says Bitcoin could hit $45K in a month, but there’s a catch

Will institutions hold Bitcoin for years as initially thought, or sell for a quick profit? An increasing number of mainstream giants have put their money into Bitcoin in recent months.

Data Shows Institutions are Buying Bitcoin Above $30,000 Despite Turbulence

Bitcoin’s price action has been quite mixed as of late, with buyers and sellers both vying for control over the cryptocurrency’s trend Over a mid-term time frame, bulls are clearly in control and are showing no signs of letting up to bears anytime soon Where the market trends in the mid-term will likely depend on […]

Institutions are thrilled that you’re selling, suggests OKCoin COO

What’s going on with Ether's and Bitcoin's recent price moves? A number of mainstream companies have picked up massive piles of Bitcoin (BTC) since summer 2020.

Bitwise AUM surpasses $500 million as institutions flock to crypto

The fund manager’s inflows suggest investors are seeking broad exposure to cryptocurrencies, including Bitcoin and Ether.

Mike Novogratz attributes BTC's rise past $30K to institutional adoption

According to the Galaxy Digital CEO, institutions have a greater opportunity to buy Bitcoin currently in circulation, driving up the price. Galaxy Digital founder and CEO Mike Novogratz believes institutional investors are helping drive the current Bitcoin bull run. In an interview with BBC World News today, Novogratz said governments around world printing money and “debasing fiat money” was fueling the ongoing Bitcoin (BTC) bull run, but institutional players getting into crypto may be the bigger story.

Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst

Coinbase Pro exchange registered an outflow of over 35,000 bitcoin worth more than $1 billion early Saturday.

How much Bitcoin is left for retail traders; who pays the price of Bitcoin that institutions control? 

Bitcoin may be a store of value for a few, a hedge against inflation, or digital gold for many.

The US has already lost the 2020 crypto regulation race to Europe

When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations. 2020 has been a stellar year for the crypto economy, with more enterprises and institutions than ever before implementing the technology.

US Treasury Warns of Increasing Ransomware Campaigns Against Coronavirus Vaccine Research Institutions

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a warning that alerts financial institutions in the United States about increasing ransomware attacks against coronavirus vaccine research organizations.

Bitcoin's institutional support comes at a cost, here's why

Bitcoin has seen a massive influx of institutions and their money creating a crisis on the buy side, as all of the sell-side liquidity is being absorbed.

Tidal Wave of Institutions Prepared to Buy Bitcoin, Says Real Vision’s Raoul Pal

Macro investor and Real Vision co-founder Raoul Pal says a wave of institutional investors are prepared to buy Bitcoin.

Institutions Will Start Buying Ether in 2021, Messari Analyst Says

CME Group’s recent announcement that it will launch ether (ETH) futures on Feb.

2021 Trends in CBDCs: More Pilots, Maybe Some Launches, But Not For Retail

The more the price of bitcoin (BTC) rises, the more institutions and corporations become interested in this most popular cryptocurrency.

$500M in Bitcoin leaves Coinbase as institutions buy more than miners sell

Big money is still scooping up the available Bitcoin supply despite short-term bearish signals, data shows. Bitcoin (BTC) saw fresh rejection at $24,000 overnight on Dec.

Grayscale continues with its Bitcoin accumulation

Bitcoin continues to be a digital asset with great demand in the market and retail and institutions are in a race to get their hands on as many BTCs as possible.

A storm is brewing between state regulators and the OCC over fintech licensing

A major network of state banking regulators is renewing its attack on the OCC's moves to register non-depository institutions.

Puerto Rico Neobank the Latest to Unveil Bitcoin, Ethereum Custody Plans

The number of banks around the world launching crypto custody just continues to grow – with a Puerto Rico-based so-called neobank named FV Bank the latest to board the gravy train. Per a press release, the bank announced that it had been given permission by the Puerto Rico regulatory Office of the Commissioner of Financial Institutions to start offering bitcoin (BTC) and

Traditional banks offer digital asset custody amid compliance legislation

Compliance and regulations become more important than ever before for banks and traditional institutions that offer support for digital assets. More and more traditional banks have started announcing support for digital assets as the price of Bitcoin (BTC) continues to make headlines for record-breaking all-time highs.

JPMorgan: Bitcoin is 'overbought' but will suck money out of gold

Institutions need to keep buying to avoid a price drop, JPMorgan analysts say, but the outlook is rosy and will come at the expense of gold. Institutional investors may be all that’s pushing up the price of Bitcoin (BTC), a new report from JPMorgan Chase claims. In comments on Dec.

Institutional Flows Keep Bitcoin From Correcting: JPM Analysts

JPMorgan strategists warn that if institutions reduce their BTC purchases, the asset price could head towards a massive correction.

Ric Edelman Says Bitcoin Now a Mainstream Institutional Investment, but Massive Risks Remain

Ric Edelman, the investment icon who has been named the country’s top financial advisor by Barron’s three times over, says the conversations surrounding Bitcoin are doing a 180-degree turn as more institutions invest in the flagship cryptocurrency.

Russia’s central bank digital currency: Prospects and problems

The digital ruble will, most likely, take the place of other forms of money, but the intrigue is which ones: non-cash or cash? Active digitalization of large domestic financial institutions is a noticeable, definitely positive trend.

Should you expect a Bitcoin supply shock?

With Bitcoin trading above $23,000 emerging to become the new normal, institutions and Bitcoin whales are driving price discovery into previously unchartered territories on the price charts.

US Treasury Proposes New Rules Regulating Bitcoin and Cryptocurrency Transactions

The Financial Crimes Enforcement Network (FinCEN), an agency of the US Treasury Department, has proposed a new set of rules that would require financial institutions to keep a record of certain transactions sent to private cryptocurrency wallets.

Visa Develops Offline Payment System that Could Aid CBDC Rollouts

The introduction of central bank digital currencies (CBDCs) could bring a wide range of benefits to consumers and economies worldwide, including increased financial inclusion for people currently underserved by conventional financial institutions – particularly in the aftermath of the ongoing coronavirus pandemic.

American Express Invests In A Cryptocurrency Exchange Aimed At Institutions

US financial giant American Express has invested an undisclosed amount in the cryptocurrency exchange for institutions - FalconX.

Bitcoin shortage as Wall Street FOMO turns BTC whales into ‘plankton’

Institutions make mince meat of the whales who just recently held huge sway over market sentiment below $20,000. Bitcoin (BTC) is seeing a new kind of “flippening” above $20,000 as its original whales keep selling their coins to bigger institutional buyers. Data from on-chain analytics service CryptoQuant shows that despite long-term investors rushing to offload BTC at a profit, buyer demand is still outpacing them. Analyst: Bitcoin whales “small” compared to new buyers With BTC/USD continuing to explore new highs, the “original” whales are beginning to look like plankton as institutions line up to buy en masse. According to the CryptoQuant data covering exchanges, outflows hit yearly highs in the hours before $20,000 broke for the first time in history.

Antier Solutions Expands Its Offerings With Crypto Friendly Banking Solutions Development

PRESS RELEASE. Antier Solutions, a blockchain development company headquartered in Mohali, India – with two global units in North America and the UK – has expanded its services to offer crypto-friendly bank development solutions targeting start-ups, banks, and financial institutions seeking opportunities to launch their crypto-friendly banks.

Why are America's top institutions making note of Bitcoin?

JP Morgan’s take on Bitcoin turned 360 degrees in 2020.

JP Morgan: More Institutions Could Buy Bitcoin Following MassMutual’s $100M Purchase

Insurance companies and pension funds could follow MassMutual's example to purchase BTC, which could bring $600 billion in the market.

Bitcoin: Is the wait for a 40% drop in price justified?

The current Bitcoin bull run, or more appropriately labeled 'price rally,' has been initiated by large investors and institutions, not by retail traders.

Unlike Retail Investors, Bitcoin Whales And Institutions Buy Low And Sell High: OKEx Report

Large investors, perhaps whales or institutions, took profits from their bitcoin positions during the late 2020 rally, OKEx data shows.

Cointelegraph Consulting: Institutions are bullish on Bitcoin, but is retail?

Charts and data from the last two weeks show retail traders have flipped bearish and the BTC buying has stopped. The latest findings from Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicate that the combined balance of wallets holding small amounts of Bitcoin (BTC) continues to decline.

Short-lived Bitcoin Trap, Ethereum on Wordpress, IOTA's Drama + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Trading news It appears that large traders, whales, and institutions that accumulated bitcoin (BTC) around USD 10,000 levels decided to take profits during this rally, while retail traders mostly kept adding to their

New Regulatory Lemons Await Somewhere Between DeFi & CeFi

While local and global regulators are yet to target the nascent DeFi (decentralized finance) world, some industry players warn that the interaction between DeFi and CeFi (centralized finance) sectors will bring even more unanswered questions. There is a constant interaction between the DeFi and CeFi worlds, e.g., industry players are taking loans from centralized institutions

MetaMask wants institutions to wade into DeFi with new enterprise version

Metamask is seeking to grow the $14 billion DeFi ecosystem by attracting institutional investors with a new wallet that could “run a professional DeFi trading desk.” Ethereum wallet MetaMask is seeking to attract institutional investors into the decentralized finance sector with the soon-to-be-launched institutional-grade version. The popular wallet, with more than 1 million monthly active users, introduced token swaps in October this year, and is now looking to expand even further.

The Bank That Called Bitcoin a Ponzi, Has Now Launched A Crypto Exchange For Institutional Investors

Three years after calling bitcoin a Ponzi scheme, the largest Singaporean bank DBS Group has launched a crypto trading platform for institutions.

Curv Partners With MetaMask to Help Institutions Custody DeFi Assets

Curv is teaming up with MetaMask to allow institutions to be invest in DeFi protocols with institutional-grade custody options.

Binance CEO CZ and Crypto Execs Say Traditional Finance Not Yet Ready to Embrace Digital Currencies

Binance CEO Changepeng Zhao (CZ) and two major crypto executives believe traditional financial institutions have a long way to go before they embrace digital currencies.

With under 2.434 million Bitcoin left to mine, how much should a newbie invest in BTC?

Bitcoin demand is not only expanding among individual traders and crypto enthusiasts, but has also managed to attract institutions, hedge funds, and corporates.

If you sell your Bitcoin right now, chances are, they will end up in this sector's hands!

Bitcoin has established itself as a profitable investment asset and it is becoming more evident as more institutions flock to include the digital asset in its portfolio.

Crypto Asset Manager NYDIG Hires Tech-Savvy Banker to Pitch Its Wares to Institutions

Former Quontic Bank executive Patrick Sells will be responsible for developing NYDIG’s white-labeled crypto services for banks.

Game recognize game: Institutions make it easier to invest in Bitcoin

As Bitcoin’s impressive run continues, it would not be surprising to see crypto FOMO reach institutional investors as well. With the crypto sector currently riding a wave of bullish sentiment, as demonstrated by Bitcoin (BTC) passing its all-time high value of $19,892 at the start of the month, causal as well as institutional investors all over the world are now becoming more interested in the growing sector.

Fidelity Digital to Accept Bitcoin Collateral on Cash Loans for Institutions

Fidelity Digital Assets is partnering with crypto lender BlockFi for the new business angle.

Bitcoin's reputation still a deterrent for institutions, Draper fund analyst says

Institutions still fear Bitcoin’s criminal persona, its volatility, and other factors.

Institutions will protect Bitcoin from government overreach: Erik Voorhees

Bitcoiners should embrace institutional adoption as it keeps everyone honest, says Erik Voorhees. Institutional investors will play an important role in securing the future of cryptocurrencies like Bitcoin (BTC), according to Erik Voorhees, CEO and founder of ShapeShift.io. In a panel discussion at this year’s LaBitConf, Voorhees said Bitcoin’s adoption curve will grow substantially over the next five to ten years.

OCC Chief Hints at Coming ‘Good’ Actions on Crypto by End of Trump’s Term

Brooks hinted at a flurry of crypto clarity actions in the next 6 weeks that could drive more institutions into the asset class.

Bitcoin whales selling to institutions as Grayscale adds 7,188 BTC in 24 hours

A huge sell wall at $20,000 may see a major transfer of wealth from whales to institutions based on current data. Bitcoin (BTC) whales appear to be selling to institutions as the supply squeeze heightens below $20,000. Data from various sources shows that while more BTC returned to exchanges this week, largescale buyers are still creating more demand than supply can meet. Exchange inflows and Grayscale buy-ins Statistics from on-chain analytics service Coin98 confirmed that investment giant Grayscale bought twice as much Bitcoin as miners could create in November.

Swiss Central Bank Announces its Central Bank Digital Currency Trial a Success

The digital franc trial entailed settling large scale transactions between financial institutions through an experiment dubbed Project Helvetia.

OCC works to win back House Democrats, still miffed at leader's focus on crypto

Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks. The US Treasury's Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs. Per a Thursday announcement shared with Cointelegraph, the OCC's Project REACh is expanding to include a pledge of large and mid-sized banks partnering with MDIs.

Institutions Ditching Gold for Bitcoin Not the Real Story, Says Galaxy Digital’s Mike Novogratz

Galaxy Digital CEO Mike Novogratz is challenging popular narratives that pit Bitcoin and gold against one another.

Institutions rushing into $19K Bitcoin as GBTC premium hits 6-month high

Grayscale Bitcoin Trust's premium is now above 30% as institutional demand for BTC continues to increase. The demand for the Grayscale Bitcoin Trust (GBTC) continues to rise with its premium surpassing 30% on Dec.

‘You might get fired if you don’t own Bitcoin’: CoinShares on CNBC

There could now be a career-risk for a portfolio manager to not have Bitcoin in their portfolio — the CoinShares chairman talks Bitcoin sentiment on CNBC CoinShares chair and former JP Morgan commodity trader Danny Masters told CNBC that the financial landscape has changed to the point where not having exposure to Bitcoin could be a riskier move for portfolio managers than investing in it.  Interviewed on Power Lunch, the head of the digital asset management firm referred to the fact that in the past it was seen as risky for asset managers working in institutions to put money into Bitcoin.

Why New Bitcoin Investors Shouldn’t Be Deterred By The Scarce BTC Supply

Bitcoin has recently caught fire with institutions, corporations, and hedge funds in 2020, as a defensive strategy to protect wealth against the non-stop money printing press that was turned on after Black Thursday.

Ruble or Rubble? Russian Institutions Have Concerns About Proposed CBDC

Russian banks and financial brokers are worried the digital ruble will be a burden for them.

Russia's Sberbank plans release of its own crypto token, the 'Sbercoin'

With new legislation on digital assets coming into effect in a month, Russian financial institutions are looking to act. With a new law coming into effect in Russian, the country's largest bank is planning a new blockchain platform for trading, as well as a native token. According to a Monday report from Russian business news outlet RBC, Sberbank is planning to jump into crypto come 2021 when a new law "On Digital Financial Assets," or DFA, is set to come into effect.  The news came from Herman Gref, the CEO and chairman of Sberbank.

Further Declines in Bitcoin Price Possible Though Grayscale is Crucial, Notes JPM Analyst

The interest towards the Grayscale Bitcoin Trust in the coming weeks will be key to determine if BTC is indeed preferred by institutions, JPM analysts said.

Record gold outflow 'isn't going into ripples' — only Bitcoin, says fund manager

Gold outflows are rising as Bitcoin rallies due to heightened buyer demand from institutional investors. The ongoing Bitcoin (BTC) rally has primarily been driven by institutions, analysts say, with metrics such as CME’s open interest and Grayscale’s assets under management (AUM), supporting this narrative.  At the same time, the gold market has seen large outflows in recent weeks.

Why institutions suddenly give a damn about Bitcoin

As big players continue to enter the crypto space, institutions are becoming mega HODLers. Without a doubt, Bitcoin (BTC) has become an increasingly popular asset to own among institutional investors.

Big banks think new furniture is innovation, but they are wrong

True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution. When banks finally come to improve their technology experience, they go no deeper than changing the front end.

Experts say institutions drove Bitcoin's rise to $19K and that alt-season is coming

Market analysts are attributing Bitcoin’s sudden surge above $19,000 to aggressive demand from financial institutions and leading companies in the United States. Analysts are pointing to demand from financial institutions and publicly listed companies as the primary forces behind BTC’s sudden re-test of its all-time highs. “The primary reason for the steady grind up in Bitcon has been the increased interest and aggressive buying activity from institutions,” said Nick Cote of gamified trading platform Hxro Labs.

Galaxy Digital CEO recommends investing up to 3% of one's net worth into Bitcoin

“Look at it in five years, and it’s going to be a whole lot more," opined Novogratz. With the price of Bitcoin continuing to test support around $19,000, Galaxy Digital founder and CEO Mike Novogratz recommends HODLing until 2025. In a Yahoo Finance Live interview published on Wednesday, Novogratz said that the current Bitcoin (BTC) rally is being fueled by institutions and high-profile investors “slowly getting into the space.” He cited companies like PayPal and Square adopting crypto, as well as billionaire Stanley Druckenmiller recently suggesting the digital asset may pay out more than gold. “Bitcoin has become a macro asset to hedge against the debasement of fiat currency both here in the US and abroad,” said Novogratz.

Deloitte: Financial institutions to boost future blockchain spending

A representative from the company expects 2021 to be "a breakout year for blockchain." Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled Financial Services Industry Outlooks 2020. Preliminary results shared with Cointelegraph indicate that 27% of the institutions surveyed expect a “slight increase in spend” for blockchain and distributed ledger technology, while 14% are expecting a large increase.

Ripple Names Banks of America As Key Member of Its Global Payments Network

Ripple is naming Bank of America as a leading member of RippleNet, which is the umbrella term for the company’s global network of banks and financial institutions.

More Institutions Are Buying Bitcoin, Say JPMorgan Analysts

In their “Flows & Liquidity” report, JP Morgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3 and may have a bigger role in price movement than quantitative traders.

Institutions Will Shut Retail Investors Out As Bitcoin Rockets to $1 Million, Says Max Keiser

Wall Street veteran Max Keiser says he believes a supply shock will fuel Bitcoin’s rise to $1 million.

DeFi-ing expectations: Great opportunities in crypto can come at a price

A record-breaking year for DeFi, but can it break away from the negative perceptions around yield farming and pump-and-dump schemes? While 2020 will go down as one of the toughest the world has faced collectively in many years, the success of the decentralized finance sector stands out as a major milestone for the cryptocurrency community. Amid the ongoing COVID-19 pandemic, economies have shuddered, and governments and financial institutions have had to introduce drastic monetary policies and stimulus packages in order to revive the global marketplace.

Institutions help drive rally as Bitcoin ETP volumes surge 50%

Bitcoin and crypto ETPs have surged in market cap and volumes as institutions buy up BTC.

What are Bitcoin market's institutional participants up to now?

As Bitcoin’s price crossed $16,000 on spot exchanges, one expected that institutions would unload their bags and book profits.

Crypto in 2021: Institutions Prefer Bitcoin, Retail Open to Altcoins

2020 has been the best year for cryptoasset investment since 2017, while there’s even an argument that it’s the best year ever, given that the growth of the crypto market seems steadier and more stable this time out.

The rise of major Bitcoin mining institutions is inevitable

2020 marks a new era for mining institutionalization, bringing with it both benefits and challenges. There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside.

Bitcoin whale clusters show ‘institutional FOMO’ is behind the BTC rally

Data shows Bitcoin whales and institutions are behind the current rally, a signal that the next bull market may be stronger than the one seen in 2017. Data shows that institutions heavily accumulated Bitcoin in the $12,000–$15,000 range, and according to analysts at Whalemap, this is a positive trend because institutions and whales typically accumulate assets with a longer-term investment strategy in mind. The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in Bitcoin, as Cointelegraph previously reported.