BTC – institutions are coming in (beyond tech analysis)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Guys!

We were wondering lately whether institutions are coming into the crypto market or not.

Well, we started off with Grayscale as it is one the biggest fund which offers crypto financial products.

Only on this asset ( Gray Scale Bitcoin Trust - OTC) they have nearly $900M under management.

In other words, if institutions want to buy BTC they don’t have to buy it by themselves.

They can go to Grayscale and buy shares of BTC.

Then they don’t have to worry about hackers, private keys, wallets and so on.

They are charged 2% yearly fee which is in our opinion not much.

This is a safe and convenient solution.

So institutions are flooding in.

When we compare the latest price movement of BTC and GBTC (Grayscale) we can clearly see the price difference is massive.

We compared price gains on those 2 assets and we can clearly see that institutions had pumped the price 40% more.

This means the interest is right now massive and we should see the price alignment on BTC soon.

This is awesome news.

We can expect another squeeze on the BTC price soon.

Of course, before that, we can have a small correction but after that the only direction is north.

Don’t you think?

Please comment down below.

Thank you for your time and read.

WBM Team
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