Research one of the largest cryptocurrency exchange Binance has showed that the industry is entered by new institutional investors, who can influence Bitcoin price growth.
As experts inform, significant number of new investors come on the market. What is important, they own large amount of money.
“Institutional investors, whose number today makes less than 10% of all investors, increase the interest to Bitcoin. What we can see at Grayscale Bitcoin Trust stock price”, – company`s representatives claimed.
Bitcoin doubler 2x notes, that stock price of Grayscale Bitcoin Trust has recently exceeded $11. Journalist Joseph Young stressed: “Increase in the value of the company’s shares demonstrates institutional and accredited investors interest`s growth to Bitcoin and to the whole cryptocurrency market”.
In addition, Binance researchers told that over-the-counter platforms reported about the increase of trading volumes. it`s noted, that at the same time, new clients, who were not connected with crypto industry before, resort to their services.