January 16, 2021

Market and Financial News Aggregator

Why institutions suddenly give a damn about Bitcoin By Cointelegraph

2 min read

Why institutions suddenly give a damn about Bitcoin

Without a doubt, (BTC) has become an increasingly popular asset to own among institutional investors. By the end of the second quarter of 2020, Fidelity reported in a survey of almost 800 institutional investors that 36% owned crypto assets. A separate survey, conducted by crypto asset insurance company Evertas, shared that respondents believe hedge funds will increase their crypto holdings drastically. It also projected that 90% of institutional holders of crypto assets expect to invest even more in Bitcoin this coming year.

Related: Corporate Bitcoin treasuries are here, which can only mean good things

Paolo Ardoino joined Bitfinex at the beginning of 2015 and now serves as its chief technology officer. After graduating from Genoa’s Computer Science University in 2008, he started working as a researcher for a military project focused on high availability, self-recovering networks and cryptography. Interested in finance, Paolo began developing financial related applications in 2010 and founded Fincluster in late 2013.