When Will it Show on Bitcoin Price?
If institutional investors are acquiring large amounts of Bitcoin in the OTC market, it should have a noticeable impact on the cryptocurrency exchange market and the price movement of major digital asssets.
However, over the past two months, the cryptocurrency market has demonstrated stability and struggled to initiate large movements on the upside.
As Circle, Coinbase, BitGo, Goldman Sachs, Citigroup, Morgan Stanley, and other major financial institutions that either have already launched crypto-focused custodian solutions or plan to offer crypto custody in the short-term begin to serve an increasing number of institutional investors in the months to come, investors expect the value of cryptocurrencies to increase accordingly.