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Bitcoin Bear Market got Institutional Investors’ interest On its Transformative Potential

Interesting times are ahead as institutional players acknowledge the power of Bitcoin and crypto despite the crypto market crash. With the focus on establishing a standard for the trading venue and custody platform, these players are working on creating a “trusted platform.”

The Potential of Bitcoin & Crypto can’t be Ignored

While Bitcoin crashed over 80 percent in 2018, crypto market attracted institutional interest. In a recently posted video, TD Ameritrade Manager of Trading Strategy Shawn Cruz said that TDA clients’ interest in Bitcoin has rekindled with the drop in Bitcoin price below $4k.

“At TD Ameritrade, we offer Bitcoin futures trading for our clients. We saw them get very interested when we volume spiked when it was around $10,000. On this pullback lower, there really wasn’t much activity from our client base. But now that we’re getting down to this 3 or $4,000 price level on Bitcoin, we’re starting to see our clients become more interested in trading Bitcoin again. So…

Read Full Story : Coingape

2019-02-01 13:56:07

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