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According to financial services company Matrixport, institutional investors in the United States have begun to actively buy Bitcoin, which means that altcoins will soon rise.
Head of Research Matrixport MarcusThielen said that, according to the company, large institutional institutions are not abandoning cryptocurrencies. In contrast, 85% of all Bitcoin purchases are made by American institutional investors.
According to the report, there is a way to determinemore profitable asset at a given time for retail or institutional investors. Matrixport experts believe that they were guided by trading hours in the US and Asian countries.
Bitcoin purchases increased by 40% in the new year.According to Thielen, institutions typically buy Bitcoin first before investing in other digital assets. Therefore, we should soon see the growth of altcoins. Among them, Thielen highlighted Aptos, which demonstrates the best results during trading hours in the US and Asia. He believes that altcoins could soon surpass Bitcoin and Ethereum.
Earlier, a representative of the investment bank JPMorgan, Jared Gross, said that institutional investors would not work with the cryptocurrency market in the near future.