According to the Executive Director at BC Group, Dave Chapman, institutions are not coming to Bitcoin, but are already here. BC Group is a FinTech firm with a diversified portfolio of businesses in marketing, communications and technology solutions. He tells reporters at CNBC that,
The recession hit the economy due to the COVID-19 pandemic has caused significant distrust in the current financial system which is struggling to keep the credit line flowing but at the cost of a large federal debt. The economics of Bitcoin and the future prospect of Ethereum offer greater potential than investing in large corporations.
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