Wednesday, May 14, 2025
  • Home
  • Crypto
  • DEFI
  • NFT
  • Press Release
  • Contact Us
No Result
View All Result
No Result
View All Result

Big Institutions Are Making Room for Bitcoin, Says Fidelity

April King by April King
June 10, 2020
in Price Analysis
0
Big Institutions Are Making Room for Bitcoin, Says Fidelity

You might also like

Ton Boost Launches Innovative Mine-to-Earn App on Telegram to Enhance User Engagement and Participation

Ethermine Accepts Mystery $2.5 Million Dollar Ethereum Transaction Fee

Those Million Dollar Ethereum Transactions? Could Be a Hacked Exchange

Large institutional investors are coming around to the idea of cryptocurrency, with Fidelity claiming over 36% of American and European funds own cryptocurrencies like Bitcoin and Ether. Is this the beginning of an institutional foray into public ledger cryptocurrencies?
Institutionalization of Bitcoin
Over a third of large institutional investors in the United States and Europe are financially exposed to cryptocurrency. In the United States, 27% of institutions said they own some form of cryptocurrency. This number was whopping 45% across Europe.
Institutions in this context refer to pension funds, hedge funds, and family offices.
It’s not surprising to see Europe’s Bitcoin adoption curve is steeper than North America’s. The continent has been plagued by adverse economic conditions and negative interest rates over the last few years.
A quarter of respondents holding crypto are exposed to Bitcoin, while only 11% own Ether. One would expect these numbers to be higher, as BTC and ETH are the most liquid cryptocurrencies and jointly represent 75% of the public crypto market.
The survey, which Greenwich Associates conducted between November 2019 and March 2020, might be missing the bigger picture, however.
Ever since the COVID-19 pandemic began and the Federal Reserve amped up its money printing, traditional investors are starting to comprehend the value proposition of Bitcoin. The survey’s data is representative of the trend before the economic meltdown began.
It wouldn’t be a stretch to presume that institutional adoption metrics have only climbed higher since then.
The post Big Institutions Are Making Room for Bitcoin, Says Fidelity appeared first on Crypto Briefing.

Post Views: 229
Previous Post

Morgan Creek’s Jason Williams Sees Bitcoin Skyrocketing Past $20k By End of October ⋆ ZyCrypto

Next Post

This Technical Pattern Predicts Nightmare Bitcoin Downtrend For At Least 18 Weeks ⋆ ZyCrypto

April King

April King

I have been a full-time professional writer for over 10 years, and have written for some of the biggest publications in the world. My work revolves around cryptocurrencies and blockchain technology, and I am widely considered to be one of the leading experts in these fields.I have written two books on the subject matter, and my articles have been featured in major news outlets such as The Wall Street Journal, Forbes, and Huffington Post. In addition to writing, I also give talks and seminars on cryptocurrency investing, and am a regular commentator on CNBC, Bloomberg, and other financial news networks.

Next Post
This Technical Pattern Predicts Nightmare Bitcoin Downtrend For At Least 18 Weeks

This Technical Pattern Predicts Nightmare Bitcoin Downtrend For At Least 18 Weeks ⋆ ZyCrypto

  • Why must you pick a white label crypto exchange solution than developing a new one?
    Why must you pick a white label crypto exchange solution than developing a new one?
  • Bitcoin Product Demos During the Halving – Bitcoin Magazine
    Bitcoin Product Demos During the Halving – Bitcoin Magazine
  • Whitelabel Cryptocurrency Exchange platform and it’s 4 salient features!
    Whitelabel Cryptocurrency Exchange platform and it’s 4 salient features!
  • Despite Chaos, The Next BTC Price Rally Could Be Spurred By This Little-Known Bitcoin Indicator
    Crypto Pundit reveals what will likely ignite another parabolic Bitcoin Rally ⋆ ZyCrypto
  • Which is Best Crypto Trading Bot Platform?
    Which is Best Crypto Trading Bot Platform?

About

Cryptoate site is a comprehensive resource for everything related to cryptocurrency and blockchain. We aim to be a one-stop solution for all your crypto and blockchain news and events.

Email: [email protected]

Recent Posts

  • GateToken (GT) Burns 1,542,910.7518074 Tokens in Q1 2025, Steadily Reinforcing Long-Term Value
  • ProBit Global Lists Shardeum (SHM), Ushering in a New Era of Scalable and Decentralized Smart Contracts
  • Gate.io Releases Latest Proof of Reserves Report: Total Reserves Reach $10.865 Billion, with $2.415 Billion in Excess Reserves

Catagories

  • Mining
  • Crypto
  • Press Release
  • Price Analysis
  • Cryptocurrency
  • Trading
  • Cryptocurrencies
  • Blockchain

Calender

May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Apr    
  • Privacy Policy
  • About Us
  • Terms and Conditions
  • Contact Us
Social icon element need JNews Essential plugin to be activated.

Copyright © Cryptoate

No Result
View All Result
  • Home
  • Crypto
  • DEFI
  • NFT
  • Press Release
  • Contact Us

Copyright © Cryptoate