Article written by: Kai Sedgwick
Institutional Money Is Coming but Will It Benefit Retail Investors?
Crypto assets surged by an average of 11.4% on Monday, with bitcoin, predictably, the first to pop. The reason for the pump has been attributed to Coinbase announcing that its custodial crypto service was finally live. The service includes cold storage, an institutional-grade broker-dealer and reporting services, and a client coverage program, and Coinbase is in the process of onboarding hedge funds. But beyond the news fleetingly giving the markets an adrenaline shot, what will the long-term ramifications be of institutional money pouring in, and what’s taken so long?
Read the whole article here: https://news.bitcoin.com/why-institutional-money-is-coming-and-what-this-means-for-bitcoin/
Do you think the arrival of institutional money will have a positive effect on the cryptocurrency markets?