“CME bitcoin futures provide a real-time proxy for the increase in institutional investment. Open interest recently surged to a record high. In this new era of Unlimited Quantitative Easing it might be imprudent to not have some exposure to Bitcoin.”
What’s key in the coming months?
Earlier this week, CryptoSlate reported that $2 trillion asset manager Fidelity said crypto will continue to gain institutional adoption.
A study done by Fidelity found that the interest of institutional investors towards Bitcoin is likely to be sustained.
“The results suggest that digital assets continue to gain adoption and interest by a variety of institutional investors.”
In the longer term, the key to facilitating increasing institutional demand would be to see an emergence of well-regulated custodian solutions, over-the-counter (OTC) desks, and investment firms to assist institutions into the cryptocurrency market.