Institutions Buying Crypto Doubled In 2020

Plus a new database of crypto investors

Happy Tuesday, Blockfolians

The Lede

Last week, Goldman Sachs broke from the trend of institutions cozying up to bitcoin to spout a bunch of 2016-era FUD and claim that it was not an asset class.

Fidelity Digital Assets Plans To Onboard Crypto Exchange As ...

Well, a new report from Fidelity Digital Assets begs to differ. According to the report

[A]lmost 80% of investors surveyed finding something appealing about the asset class…22% of U.S. respondents invested in digital assets have exposure via futures, which is a substantial increase relative to 9% of U.S. investors surveyed in 2019.

Additionally, the report found that 36% of respondents – 279 institutions in the U.S. and Europe - were already invested in digital assets.

In other words, institutional interest in this space is growing, and growing significantly.

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Highly Relevant Reading


Community Commentary

CoinList’s Regan Bozman has put together an amazing open resource about crypto investors
Twitter avatar for @reganbozmanRegan Bozman @reganbozman
1/ I'm excited to launch Dove Mountain Data
dovemountaindata.com Dove Mountain Data is the most comprehensive database of crypto investors and their investments - and it's totally free. My goal is to make fundraising in the space more transparent.Dove Mountain DataMessage me on Twitter or Telegram.dovemountaindata.com
This is one hell of an endorsement from the front lines

A Really Big Number We Should Be Paying Attention To 

$13,000,000,000

That’s the amount of liquidity the Saudi Arabian central bank just injected into national banks, in part using blockchain


Final Thought

Will Robinhood trading spill over into crypto?