Happy Tuesday, Blockfolians
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.
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
Chinese state media accuses Binance of allowing crypto trading in the country
Brave has partnered with K-Pop sensations BTS on a limited edition browser
The US Marshalls are looking for a firm to custody and sell seized crypto
Bitcoin price volatility has hit a 3-month low
CoinList’s Regan Bozman has put together an amazing open resource about crypto investors
This is one hell of an endorsement from the front lines
A Really Big Number We Should Be Paying Attention To
That’s the amount of liquidity the Saudi Arabian central bank just injected into national banks, in part using blockchain
Will Robinhood trading spill over into crypto?