Institutions are quietly increasing their investment in Bitcoin

Institutions are quietly increasing their investment in Bitcoin

The year 2021 has not even begun and we already have a number of signals that reveal a strong institutional interest in Bitcoins.


4 Feb 2021 , 20:30 @ Matey Salt

Institutions are quietly increasing their investment in Bitcoin

The year 2021 has not even begun and we already have a number of signals that reveal a strong institutional interest in Bitcoins.
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Michael Saylor, founder of MicroStrategy, which has already invested more than $ 1B in Bitcoin, came out these days with a series of video interviews called “Bitcoin for Corporations.”

Michael has already had interviews with several important people, but the biggest surprise was the interview with Ross Stevens, the Founder and Executive Chairman of NYDIG.

As NYDIG is a leading technology and financial services firm dedicated to Bitcoin, which provides institutions with easier access to cryptocurrencies, R. Stevens has an accurate view of what it currently looks like.

R. Stevens revealed in an interview that of the 25 institutional clients they had last year, there are already 280, and also added “all kinds of institutions are adopting bitcoin: public companies, private companies, hedge funds, private equity funds, credit funds.”  

He also noted that, through NYDIG, also life insurance companies have invested in Bitcoin, holding more than $ 500 million in Bitcoin, which, according to R. Stevens, is just the beginning.

R. Stevens assured everyone that it wasn’t just any assumptions, because he had already received an order book for 2021, which confirms that by the end of the year, NYDIG should accept clients with $ 25 billion in Bitcoin investments.

Read also: MicroStrategy has purchased additional BTCs worth $ 10M, now holds more than 70K BTCs

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