VanGogh Posted December 10, 2020 Share Posted December 10, 2020 The institutions are certainly coming! https://www.theblockcrypto.com/linked/87378/massmutual-bitcoin-insurance-purchase Credit to IAMLegion @Paisan26849860 Julian_Williams 1 Link to comment Share on other sites More sharing options...
Julian_Williams Posted December 11, 2020 Share Posted December 11, 2020 It seems institutional money is at last arriving in crypto. If it becomes the norm for investment companies to take a stake in crypto they will dominate the markets and smoother the whale activity, the markets will stabilise and not retrace as far as they did after the last bull run. Institutions are also unlikely to be very adventurous, choosing mostly to invest in top five or ten crypto, which will disproportionately benefit XRP. Link to comment Share on other sites More sharing options...
SquaryBone Posted December 11, 2020 Share Posted December 11, 2020 I'm not surprised. Now all of a sudden a lot of companies/... will come out of the woodwork telling how great bitcoin is and that they have bought in. Link to comment Share on other sites More sharing options...
SquaryBone Posted December 11, 2020 Share Posted December 11, 2020 5 hours ago, Julian_Williams said: Institutions are also unlikely to be very adventurous, choosing mostly to invest in top five or ten crypto, which will disproportionately benefit XRP I indeed don't see them as the huge risktakers. XRP might benefit. They have bought BTC, not XRP though. It seems possible they might buy XRP in a later stage. I'm not clear how this would be disproportional. It's more likely that they get a MC based weighted exposure. So if XRP is 10% MC of the first 5 or 10 cryptos combined (I don't even think they'll go to the first 10) 10% of their portfolio would be XRP. LetHerRip 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now