There are always conflicting opinions regarding the involvement of major investors in the cryptocurrency space. New research by Fidelity paints an interesting picture, albeit it needs to be taken with a pinch of salt.
It is, for all intents and purposes, difficult to determine how many people invested in Bitcoin.
Are Institutional Investors Stockpiling Crypto?
This is especially true when it comes to institutional traders.
That group tends to focus on derivatives rather than owning real cryptocurrency.
Even so, Fidelity claims that more than one in three institutional investors in the US and Europe own cryptocurrency today.
If true, that would paint a very different picture for Bitcoin and select top altcoins.
As one would expect, the most commonly held asset is Bitcoin.
It is the world’s leading crypto asset, both in terms of market valuation and overall branding.
Ethereum comes in second place, whereas everything else is pretty much irrelevant at this point.
Very few people care about altcoins that aren’t Ethereum or stablecoins.
With more institutional investors allegedly paying attention to crypto assets, the future looks rather bright.
This doesn’t mean that Bitcoin or Ethereum will see a major price surge in the near future.
Instead, a potential price dip seems more likely to occur.
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