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BTC – institutions are coming in (beyond tech analysis)
Bitcoin
Long
BTC – institutions are coming in (beyond tech analysis)
By WBM_Team
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Apr 15, 2019
4
Apr 15, 2019
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.
Hugs!
WBM Team
Beyond Technical Analysis
Bitcoin (Cryptocurrency)
bitcoinusd
BTC
BTCUSD
grayscale
wbmteam
WBM_Team
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