Quote from: newwest on Today at 01:12:05 PM

Quote from: Pito001 on January 30, 2021, 01:16:41 PM

Good to know that more and more Institutionals in the game. However, even more of them are shorting btc according to stats

Pandemic has helped them to think out of the box and rather than just investing in traditional assets and method they have started considering bitcoin as a good option now. This will help them to diversify and bitcoin will get the boost as now considering few institutions have purchased other would follow the same.

Not really thinking out of the box, these institutions just observed how fast this technology's popularity is spreading across different countries, and they just made use or took advantage of it, by engaging as a third party network securing taxation in every transaction by means of higher fees, compared to traditional exchangers. But it is somewhat of a win-win situation. They will benefit from "adopting" this technology, while this industry will benefit in a way that these platforms will help spreading and enlarging the trust to use cryptocurrencies. Hoping that someday, more people will benefit from the use of this technology.