US Institutions Account for 85% of Bitcoin Buying

https://medium.com/coinmonks/us-institutions-account-for-85-of-bitcoin-buying-a-positive-sign-suggests-matrixport-df9d00566199

According to a recent report from Matrixport, US institutions account for 85% of Bitcoin buying, a very positive sign for the cryptocurrency. The report comes as more and more companies have been investing in Bitcoin over the past few years. Let’s take a closer look at why this is good news and what it means for the future of Bitcoin.

"It was also mentioned that Ether ETH appears to be performing well during U.S. hours, indicating “institutional flows” into the cryptocurrency, however, APT is doing well around the clock."

The Growing Popularity of Cryptocurrency

Cryptocurrencies have become increasingly popular over the past several years. This is mainly due to their decentralized nature, which makes them much less vulnerable to government interference or manipulation. As such, cryptocurrencies are gaining traction with investors who want to hedge against inflation and other economic factors that could adversely affect traditional currencies.

What Does This Mean?

The fact that US institutions are leading the charge in buying Bitcoin is a very positive sign for cryptocurrency. It shows that large, established organizations are taking notice of cryptocurrency and believe in its potential as an investment asset. Additionally, it indicates that institutional investors have faith in the technology underlying cryptocurrencies and trust that it can be used safely and securely to make transactions.

This also means that we may soon see an influx of new products related to cryptocurrency as more organizations seek to capitalize on its growing popularity. There has already been talk of creating exchange-traded funds (ETFs) backed by bitcoin, which would give investors exposure to bitcoin without having to buy any actual coins themselves. Such products would make it much easier for individuals and institutions alike to invest in cryptocurrencies without having to go through lengthy setup processes or worry about security concerns associated with storing digital assets directly on exchanges or wallets.

Conclusion:
US institutions leading the charge in Bitcoin buying is a very encouraging sign for cryptocurrency overall. It suggests that these organizations view digital currency as a legitimate financial asset worth investing in, which bodes well for its future growth potential. Moreover, it suggests that we will likely see more products related to digital currency emerge over time as companies look for ways to capitalize on its growing popularity among investors around the world. All things considered, this is great news for those interested in getting involved with cryptocurrency!