2021 has been marked by speedy institutional adoption, from corporates to hedge funds, to major investment banks revising their crypto initiatives. Most of the biggest names on Wall Street have now announced plans to offer their clients access to cryptocurrencies.
This blog post is an extract from our latest report: “The Bitcoin Trading Ecosystem”.
A few years ago, only technology-driven retail investors were interested in bitcoin. After the hype of 2017, many concluded that bitcoin was dead. However, large, traditional companies started building out the infrastructure around the leading cryptocurrency. In 2020, the institutional investors entered the public scene, embracing bitcoin as an ideal store of value and inflation hedge. This was partly a response to the monetary experiment from central banks and governments, initiated after the brutal market crash of March 2020.