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Thursday

26 November 2020

Chainalysis: 2020 Is The Year of The Institutional Bitcoin Investor

Chainalysis: 2020 Is The Year of The Institutional Bitcoin Investor


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According to Chainalysis, in 2017, the majority of Bitcoin buyers were retail investors purchasing the cryptocurrency using personal funds.

“Back in March and April, it became really apparent, given the monetary policy that was being pursued by the Fed, the incredible quantitative easing they were doing and other central banks were doing, that we were in an unprecedented time…one had to begin to think about how you defend yourself against inflation.”.

Back in September, Saylor spoke publically about his fear of holding cash, in that, as a cash-rich firm, MicroStrategy’s exposure to inflation was too much of a risk for him

By converting that cash into Bitcoin, Saylor said he feels more confident about the future of the firm.

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