Quote from: Upgrade00 on January 13, 2021, 03:47:56 PM

Quote from: sallybein987 on January 13, 2021, 03:30:07 PM

“The key to creating some type of stability in the market is to see an increase in the participation of institutional investors and right now they’re small,” he said, adding that, of the more than $600 billion invested in bitcoin right now, “roughly 1% of it is institutional money.”

I would like to know how that percentage was calculated. 1% of $600 billion is $6 billion, and Grayscale alone in their most recent update have about $21 billion invested in Bitcoin, they are not the only means by which institutional money enters into bitcoin and some bitcoins are lost permanently reducing the active market cap. When you consider all the factors the percentage of institutional money gets more significant.

There is still a lot of room for growth but the effect of smart money can already be felt in the price fluctuation. Bitcoin has relatively sustained its value during this period even though most predicted a large correction, we are yet to witness such a crash.

It doesn't matter if the percentage of "institutional money" is 1% or 5%.The amount is still really small to have any big influence over the market.Most of the influence institutional investors have over Bitcoin is caused by the hype and optimism,which they create,not by the real money that they put in BTC.
The fact that Bitcoin isn't facing any major price crash is caused by the overall optimism and hype.
This isn't "maturing" of the Bitcoin market,it's just greed dominating over fear.