---

smart summary beta

Raghu Yarlagadda, CEO of FalconX, a California-based cryptocurrency trading platform targeted at institutional customers, sat down with the Decrypt Daily podcast to explain why institutional investors keep flocking to Bitcoin and whether that's really pumping its price.

The third reason for the institutional interest is what Yarlagadda calls “the mechanics of 24/7.” Institutions appreciate that they have access to Bitcoin all the time, “irrespective of the country, irrespective the boundaries.” Stock markets aren’t open on weekends, after all.

Yarlagadda explained that Tesla, a prime example of a mainstream company that invested in Bitcoin, is an outlier in terms of an inflationary hedge on a company balance sheet.

Yarlagadda believes the Bitcoin price is more sustainable now than it was in 2017 thanks to the “the number and quality of institutions that are coming in."

Goto Full Article