According to NYDIG CEO Robert Gutmann, the largest investors are only interested in Bitcoin.
The businessman spoke with many financiers who are ready to invest in digital assets, and almost all of them are tuned exclusively to BTC. None of them asked Gutmann about any other cryptocurrency.
The NYDIG CEO noted:
In recent conversations I have had with investors looking to allocate, say, over $ 50 million, 100% of these conversations were about bitcoin and 0% about other cryptocurrencies.
Amid the coronavirus pandemic, interest in traditional tools has dramatically weakened among institutions and companies.
Due to economic uncertainty, more and more investors prefer to invest in cryptocurrency, rightly believing that this is the most reliable form of storing capital at the moment, The Block quoted Gutmann as saying.
A similar point of view was previously expressed by Pantera Capital CEO Dan Morehead. He also announced a record high institutional interest in bitcoin. He also predicted that BTC will reach $ 115,000 by August of this year.
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