What crash? Institutional investors have been buying up bitcoin all year

Every price drop is accompanied by a new wave of interest from the big money.

Anyone who’s been following cryptocurrency is probably well aware of the pronounced slump that hit the markets as the December-January bubble burst, and the exuberance faded.

This was perhaps an entirely expected outcome. By some estimates, maybe half of everyone who’s touched cryptocurrency to date jumped in during the December-January highs and was badly burned by the inevitable readjustment. So, most people didn’t have a very pleasant start to their crypto journey, and then those who didn’t get out were forced to buckle up for a six month bleed.

Institutional investors have remained entirely unphased though, and by every measure, their interest has grown rapidly.

One sign of this is the slightly outrageous growth of the institution-oriented OTC scene for big trades. Another sign is the institutional investors who have explicitly said that they are still very much into cryptocurrency and are using the downturn to put more money into it.

And a third sign might be the Grayscale Digital Asset Investment Report for the first half of 2018, which comically presents staggering losses of about -40% to -70% across the board next to charts of ongoing growth, constant demand and average inflows of $9.55 million per week.

Of that, the majority (56%) is from institutional investors, and the majority ($6.04 million) is going to bitcoin.

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Source: What crash? Institutional investors have been buying up bitcoin all year | finder.com.au