Managers of Private Capital are Bombarded With Requests of Investors to Buy Bitcoin
November 23, 2017
According to a new report by Bloomberg, the top managers of the private capital around the world even more often buy Bitcoin because of investors’ requirements. What is more, the spectacular rise in value of the cryptocurrency has led to the victory over traditional investments and a huge number of investors are consequently seeking now positions in the new asset class.
Active adoption for Bitcoin, which till this year was still widely considered as a black market currency, has considerably increased. The explosive price increases have led to the emergence of new means for investments, such as Bitcoin futures on the Chicago Mercantile Exchange (CME) and many others.
While most asset managers are experiencing discomfort with the risk associated with a new asset class, most of the investors are ready to allow clients to enter the Bitcoin market.
According to Kevin Grimes, president of Grimes and Co…, it’s best to sell a part of your funds to get your original investment out, not mention the fact that he is still very strongly advising not to rely on the cryptocurrency market. He says:
“Laughing off Bitcoin could wind up being a big mistake. Bitcoin could go to zero and be a scam, and it could go up to numbers no one has conceived of yet.”
Despite all this, Bitcoin is entering the mainstream in reality that confirms the possibility of the substantial price increases.