Institutional Money Flowing Into The Crypto Industry Dwindled Dramatically Last Year: Report

A recent report from PwC indicates that institutional funds flowing into the cryptocurrency ecosystem reduced massively in 2019. It’s no secret that institutional money has been on the sidelines waiting for the perfect time to wade into cryptocurrencies. PwC’s report suggests that this time has not come yet because even with BTC’s rally to $13K in June last year, institutional money was still not convinced. Crypto Failed To Attract Institutional Investors In 2019 Despite Bitcoin’s Stellar Run Institutional players have long been touted as a key ingredient in the recipe for crypto’s mainstream adoption. However, these investors are somewhat cautious to explore the unchartered world of cryptocurrencies due to the high volatility. According to PwC, the number and value of crypto-affiliated fund-raising and mergers and acquisitions plummeted in 2019. The value of mergers and acquisitions in the crypto industry declined by over 75% from around $1.9 billion in 2018 to a mere $451 million last year. Read More...

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