Published on May 15th, 2018 | by bitcoin0
Research firm Tabb predicts institutional money begins purchasing bitcoin this year.
This is the year that institutional money will come into the cryptocurrency market, thanks to the development of trading infrastructure, Tabb Group said Tuesday.
“If 2017 was the year cryptocurrencies went mainstream, then 2018 is certainly shaping up to be the year they go institutional,” the capital markets research and consulting firm said in a report by senior analyst Monica Summerville and colleagues.
Cryptocurrency investors have been waiting for institutional money to come into the market.
The market capitalization of all cryptocurrencies has halved from $800 billion in January to around $400 billion this month, according to CoinMarketCap.
Three main hurdles — regulatory uncertainty, lack of market infrastructure and institutional-grade data sources — prevent institutions from participating in the cryptocurrency market at scale, the report said.