Bitcoin: Floodgates Open For Big Institutional Investors

It really is only a matter of time and it is likened to a *** holding back an ever-growing amount of water, Bitcoin being that unstoppable force that is going to obliterate everything in its path any moment now:

Floodgates Open For Big Institutional Investors To Pour Into Bitcoin

Why pay attention to what hedge funds, university endowments, pension funds and other big-foot institutional investors are doing?

Because that’s where the big money is. And Bitcoin is one of the only cryptocurrencies big and liquid enough to absorb institutional-sized capital inflows.

There’s just one problem. Few institutional investors have governing charters that allow them to buy cryptocurrencies. But almost all of them can buy common stocks.

And now, an SEC-registered, closed-end fund is opening the door for all these institutions to invest in crypto.

Grayscale Bitcoin Trust (GBTC) shares — each equivalent to 0.00096086 BTC — trade freely over-the-counter, so anyone can buy them.

This is a very big deal. It reminds us of what happened to gold prices after the first gold exchange-traded funds (ETFs) opened the door for investors to buy bullion in the stock market.

Gold prices quadrupled in seven years.

And you should look for even bigger gains as GBTC opens the floodgates for anyone to buy Bitcoin “in the stock market.”

Full article here:

Master Asked on June 18, 2020 in Bitcoin.
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