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Analysis: Institutional Buying Will Propel Bitcoin into Price Discovery Phase
Summary: According to Bitcoin.com, James Lavish, Managing Partner of Bitcoin Opportunity Fund, stated that institutions buying Bitcoin will not be price-sensitive like retail investors. They will simply look at their portfolio, decide on allocation, and instruct traders to 'go long' (buy with volume) regardless of the price. These purchases range from as little as a million ...
According to Bitcoin.com, James Lavish, Managing Partner of Bitcoin Opportunity Fund, stated that institutions buying Bitcoin will not be price-sensitive like retail investors. They will simply look at their portfolio, decide on allocation, and instruct traders to 'go long' (buy with volume) regardless of the price.
These purchases range from as little as a million to billions, allowing Bitcoin to enter a new price discovery phase with ample demand. 'As demand seeks volume, volume in turn seeks price. Whatever that price may be,' Lavish concluded.
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Link: Analysis: Institutional Buying Will Propel Bitcoin into Price Discovery Phase [Copy]
