{"id":135189,"date":"2024-08-09T10:30:02","date_gmt":"2024-08-09T07:30:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135189"},"modified":"2024-08-09T00:10:22","modified_gmt":"2024-08-08T21:10:22","slug":"institutional-investors-are-still-optimistic-about-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/institutional-investors-are-still-optimistic-about-bitcoin\/","title":{"rendered":"Institutional Investors are Still Optimistic About Bitcoin"},"content":{"rendered":"

According to the research, several factors contribute to this positive outlook.<\/p>\n

Firstly, a notable change at Morgan Stanley is that their wealth advisors are now allowed to recommend spot Bitcoin ETFs to clients. This development signifies an increased acceptance of BTC ETFs within traditional investment frameworks.<\/p>\n

The research also highlights that most of the liquidation events tied to the Mt. Gox and Genesis bankruptcies are likely concluded. This reduction in liquidation-related selling pressure is expected to create a more stable market environment.<\/p>\n

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Read More:<\/h5>\n \n
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Robinhood Reports 40% Revenue Growth and Record Deposits in Q2<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

Additionally, the anticipated cash distributions from the FTX bankruptcy later this year could boost demand in the crypto market.<\/p>\n

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JPM: \u201cOne can find several reasons for institutional investors to remain optimistic [about #bitcoin<\/a>]:
\n1. Morgan Stanley has recently allowed its wealth advisors to recommend spot bitcoin ETFs to their clients.
\n2. The bulk of liquidations of in-kind crypto payments from Mt. Gox\u2026 pic.twitter.com\/vRxKgyirFU<\/a><\/p>\n

\u2014 matthew sigel, recovering CFA (@matthew_sigel) August 8, 2024<\/a><\/p><\/blockquote>\n