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Tuesday, June 1, 2021

#Citibank bites the bullet on #Bitcoin


The biggest change with Bitcoin is the shift from it being primarily a retail-focused endeavor to something that looks attractive for institutional investors.




In a search for yield and alternative assets, investors are drawn to Bitcoin's inflation hedging properties—especially in the developing world—and it is recognized as a source of 'digital gold' due to its finite supply



Specific enhancements to exchanges, trading, data, and custody services are increasing and being revamped to accommodate the requirements of institutional investors.


See the whole report here: https://www.citivelocity.com/citigps/bitcoin/
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