The next big bitcoin bull-run was supposed to be led by an incoming swathe of institutional money. Lured in by potential profits unheard of in traditional investment products, and reassured by trusted brands offering institutional-grade custodial solutions. So what happened?
Patience Is A Virtue
According to Bloomberg, the biggest investors are still on the sidelines biding their time, while crypto-based hedge-funds are closing in droves. Almost 70 have closed this year, which mostly catered to pensions, family offices and wealthy individuals. The number of new funds launching in 2019 was less than half that of last year.
Of course, we are also still waiting for the US Securities and Exchange Commission (SEC), to pull its finger out and finally approve a Bitcoin ETF. It has spent the entire year delaying decisions on two such…