Express
Geopolitical risk Is One Reason Behind Institutions' Adoption To Bitcoin, Says FalconX CEO
Summary: Raghu Yarlagadda, CEO of FalconX, a digital asset trading platform invested by American Express, explained the reasons for the continuous influx of institutional investors into Bitcoin in the Decrypt Daily podcast. The first is the well-known inflation hedge; the second is the hedge against geopolitical risks. Yarlagadda said that although this reason is rarely mentioned, ...
Raghu Yarlagadda, CEO of FalconX, a digital asset trading platform invested by American Express, explained the reasons for the continuous influx of institutional investors into Bitcoin in the Decrypt Daily podcast.
The first is the well-known inflation hedge; the second is the hedge against geopolitical risks. Yarlagadda said that although this reason is rarely mentioned, FalconX’s ten recent institutional customers have cited it, that the China-US trade war will intensify, and whenever the US-China relationship deteriorates, from a price perspective, Bitcoin often performs well.
The third point is the "24/7 mechanism". Institutional clients appreciate that they "can trade Bitcoin at any time regardless of country or border."
Tags: Bitcoin,FalconX,institutions,Raghu Yarlagadda
Link: Geopolitical risk Is One Reason Behind Institutions' Adoption To Bitcoin, Says FalconX CEO [Copy]
