January 15, 2020 by Antoine
While the establishment of storage services for regulated as well as the term products allowed institutional investors to integrate the sector of the Bitcoin ecosystem’s institutional BTC has been a real success over the last 12 months. At least, that is what that says Nikolaos Panigirtzoglou, the ceo of JP Morgan.
Wealthy investors in the sector
Nikolaos Panigirtzoglou has recently made the remark that the services of a futures contract on the Bitcoin have considerably believed to the last year.
According to the CEO of JP Morgan, this renewed interest helps to cement the ecosystem of Bitcoin, given that the demand from institutions is essential if the sector hopes for long-term growth as well as an upward trend of Bitcoin.
It removes the dependency of the digital asset vis-à-vis individual investors, to expand the awareness of Bitcoin to investors holding a lot more wealth, says Brian Armstrong, CEO of Coinbase.
“90% of the money in the world are locked up in institutions, so this will likely lead to a strong demand for the crypto-assets “.
To strengthen the image of the BTC
Although it is still too early to qualify the Bitcoin safe-haven, the rising demand for BTC accredited investors and institutional will to the crypto-currency number one in a better position to evolve in this direction.
“The Bitcoin is potentially superior to gold and the us dollar , because there will never be more than 21 million bitcoins because the Bitcoin is open and non-censurable,” said the CEO of Xapo about this.
But for the digital asset to maintain its current position, it is important to put in place adequate infrastructure, and the constant increase in demand for institutional is an inevitable step.
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