March 29, 2024

Institutional investors choose bitcoin over gold

Institutional investors choose bitcoin over gold

JP Morgan's team of analysts is confident that an additional influx of institutional money will be sent to bitcoin.

Experts, led by Nikolaos Panigirzoglu, say that wealthy people refuseinvestment in gold as bitcoin continues to be institutionally supported.

It is stated that bitcoins currently own only 0.18% of family offices, while gold-trading funds ownIf the marked shift between gold and BTC continues, the cryptocurrency no.could get billions of dollars in investment.

JP Morgan's data shows that:

"The introduction of bitcoins by institutional investors is just beginning"JP Morgan said.

Meanwhile, digital investment company Galaxy Digital is emphasizing that bitcoin has already become an institutional asset.

In the November Galaxy Fund newsletter, the company mentioned institutional players who have joined the bitcoin world:

  • Wall Street legend Bill Miller,
  • well-known macro investor Stanley Drakenmiller,
  • BlackRock CIO Rick Reader,
  • hedge fund manager Ray Dalio.

«Last November should be remembered asthe time when Bitcoin attracted investors. As our CEO Mike Novogratz noted, “the rut is on,” and the first participants are now beginning to arrive»," commented in Galaxy.

Institutional investors choose bitcoin over gold

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