Author Topic: BlockFi exec explains institutional outlook on altcoins (Read 633 times)

newshunter · « **on:** January 22, 2021, 07:00:29 PM »

BlockFi exec explains institutional outlook on altcoins

He says that institutional players look for certain volume and market cap levels when considering altcoins.

Source: BlockFi exec explains institutional outlook on altcoins

Would appreciate your opinion about this

Altcoins Talks - Cryptocurrency Forum · « **on:** January 22, 2021, 07:00:29 PM »

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codehash · « **Reply #1 on:** January 22, 2021, 11:34:00 PM »

With the entrance of institutional investors to the market, the bitcoin price flew. They can also fly altcoins. This is a very good development. In particular, they can enter coins such as Ethereum, Litecoin and Stellar. These coins have enough volume.

Altcoins Talks - Cryptocurrency Forum · « **Reply #1 on:** January 22, 2021, 11:34:00 PM »

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TomPluz · « **Reply #2 on:** January 25, 2021, 06:12:31 AM »

The entrance of institutional money became the foundation of the ongoing bull run of cryptocurrency, but we know that the balance is so much tilted towards Bitcoin leaving the altcoins scratching their heads, though there can be an uptick in the Ethereum side resulting into its rise. DeFi platforms can certainly be attracting fund managers though we have to consider that these guys are really so careful on what they are putting their money with.

Proton · « **Reply #3 on:** January 25, 2021, 09:11:00 PM »

Now, cryptocurrency experts note a decline in interest in bitcoins from institutional investors. If, because of this, it falls in price, this could cause a capital spill over into altcoins. We have been looking forward to the onset of the altcoin season for a very long time, although it cannot be said that up to this time promising altcoins have not grown in price.