Going Beyond The Horizon Of Bitcoin And Ethereum Institution Investors Looks Towards Alternative Assets
There is market uncertainty due to macro conditions which is acting as a potential against the crypto market has we know it to decorrelate from other assets. It has been said that institutional investment could drive the price growth of bitcoin and ethereum but from findings as identified by one of coinbase’s executive says that institutional investment has been flowing into the cryptocurrency exchange has been going towards other alternative assets other than bitcoin.
In he’s words which he says that he see a broader view than just Bitcoin, and what I’m seeing right now, just in terms of flows that we’re seeing from our institutional clients on our exchange, 55% of this is still on Bitcoin and ETH, but that would mean that the remainder is still in altcoins, so there’s still a lot of attention being paid to what’s happening in the rest of the ecosystem outside of just Bitcoin and Ethereum. That said, of course, Ethereum with be the next big event risk on the Shanghai fork, still on people’s radar.
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With this analysis will it mean that the next bullish run will be coming from other alternative assets other than bitcoin and ethereum.
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