Hey guys,

Speaking of institutional money, it’s worth keeping in mind that even though price is stagnant with exchange trading volumes down, it doesn’t mean that big money isn’t still in full accumulation mode.

I found this Institutional Investors Are Using Back Door for Crypto Buys article on the subject really interesting. Here’s an extracts:

“Buyers such as hedge funds have replaced high-net-worth individuals as the biggest buyers of large swaths of digital coins worth more than $100,000 through private transactions, according to Bobby Cho, global head of trading at Cumberland, the Chicago-based cryptocurrency trading unit of DRW Holdings LLC, which handles the over-the-counter purchases.”

It’s behind the scenes that these last few months have been so productive in the crypto space. Infrastructure and the ability for institutional money to come into the space has been epic.

Just wait until price is allowed to be realigned.

Peace ✌🏻.

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