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JPMorgan Strategist:2021 Q1 Bitcoin Retail Flow Exceeding Institutional Investment
Summary: Bitcoin (BTC) retail investors have increased amid an apparent decline in institutional inflows so far this quarter, according to a report by JPMorgan strategist Nikolaos Panigirtzoglou. The decline in institutional investment may be one reason behind bitcoin’s failure to hold above $60,000. Retail investors have purchased over 187,000 bitcoins so far this quarter, compared to ...
Bitcoin (BTC) retail investors have increased amid an apparent decline in institutional inflows so far this quarter, according to a report by JPMorgan strategist Nikolaos Panigirtzoglou.
The decline in institutional investment may be one reason behind bitcoin’s failure to hold above $60,000. Retail investors have purchased over 187,000 bitcoins so far this quarter, compared to roughly 172,684 by institutional investors, according to JPMorgan estimates.
By Amy Liu
Tags: Bitcoin,Institutional Investor,JPMorgan,Retail
Link: JPMorgan Strategist:2021 Q1 Bitcoin Retail Flow Exceeding Institutional Investment [Copy]