According to the entrepreneur, the bear trend does not threaten the first cryptocurrency, since the growing institutional interest in the digital assets market provides him with fundamental support.
“For the first time, real institutional interest is observed. Each sovereign fund, bank, insurance company, corporation, pension fund and others will own bitcoin. ”
Bailey emphasized that previously institutional interest in the first cryptocurrency was only “exceptions to minor investments”. Now the process of accepting cryptocurrency demonstrates stable dynamics, and retains significant expansion potential.
Over the past two years, institutional investors steadily increasing their crypto -cutting through investment tools such as exchange funds (ETF). The total amount of their assets exceeded $ 100 billion, mainly consisting of bitcoin, and it will continue to grow, Bailey believes.
Earlier, the American investor and founder of POPP Investments, Anthony Pompliano, said that historical trends indicate an increase in bitcoin price in September. The course of the first cryptocurrency will demonstrate a new historical maximum, the businessman believes.
Source: Bits
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