Bitcoin [BTC] Macro: Analysts See a Rising Wave of Investments among Millionaires

Gone are the days when Bitcoin used to trade only via cryptocurrency exchanges. In 2019, numerous institutional platforms started providing products and services on digital assets. The development was seen with Custody, Trust funds, trading portals, and derivates market.

Michael Novogratz, the founder of Galaxy Digital, recently reiterated his stand on the institutional interest. Earlier, he had expressed similar views saying they’re coming, but things take time. He stated that institutions tend to follow the funds like Yale, Harward, and Stanford endowments.

Willy Woo, an on-chain crypto analyst, supported the rising interest of high volume investors with credible data. The number of addresses with more than 1,000 Bitcoins has risen linearly since this time around last year. Read More...