2022 Is The Year Of Mass Institutional Crypto Adoption | CryptoGazette
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The mass crypto adoption has been one of the most important goals that the crypto industry has set. There have been a lot of moves made in this direction so far, and they seem to continue.
There’s a popular crypto analyst who said that institutional money will be coming for Bitcoin in 2022.
The host of financial education YouTube channel InvestAnswers said that filings with the U.S. Securities and Exchange Commission (SEC) are showing growing interest from institutional investors to buy Bitcoin.
Bitcoin adoption explosion
It’s been just revealed that from just under 60 in the last quarter of 2021, the number of SEC 13F filings that mention Bitcoin increased to nearly 160 in the first two months of 2022.
“This is the number of SEC 13F filings that mention Bitcoin per quarter, and it’s gone up nearly 3x, and this is for asset managers that manage over $100 million in assets for clients. They have to disclose their equity holdings and other digital asset holdings as well.”
The notes continued and said:
“So remember, smart money is coming Q1 2022. They’re knocking on the door and that going from 58 mentions to 160 is a huge explosion.”
The analyst says that despite the current weakness in the market, the price of Bitcoin will explode once institutional money goes to crypto.
“Will the arrival of institutional money cause a price surge? The answer is yes and Kevin O’Leary said as much. He expects this money to completely change the game. So does Raoul Pal, so do I, so do many others.”
If you look at Glassnode statistics today as well, you see that 80% of the transactions, 80% of the volume is institutional million dollar-plus transactions.
Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red, and the king coin is priced at $37,126.
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