Risk-disliking institutional investors look closely at BTC in spite of bear market

April 24, 2023 BACK TO NEWS

Risk-disliking institutional investors look closely at BTC in spite of bear market

Macro investor and fund manager Dan Tapiero found institutional interest in crypto rising. He says that investors from the more conservative spectrum sector, like pension funds and endowments, start to follow Bitcoin’s dynamics and analyze DeFi’s perspectives.

Though the market is bearish, the crypto ecosystem is rapidly developing.

“Tapiero says institutional investors are seeing improving fundamentals like the massive spike in Bitcoin’s hashrate, the number of developers in the space and the amount of new layer-one blockchains surfacing as potential evidence that crypto is growing fast”.

Institutional investors are expected to give a boost to the crypto market as they realize that BTC’s and ETH’s investing potential does not come down to speculating on price fluctuations.