Benzinga verify icon

4h
...

Institutions Don’t Mind Scooping Up Bitcoin At A Discount, Says Top Coinbase Exec – Coinbase Global (NASD

Whales Ready To Buy BTC Cheap?

During an interview with CNBC, D’Agostino said that investors, who have spent considerable time studying Bitcoin, are not dismayed by the cryptocurrency’s price dip.

“I can tell you that the family office is new in the UAE, and the government sovereign funds that are putting the effort into buying are not unhappy at being able to buy it at a discount,” said D’Agostino, who recently concluded a visit to the Middle East.

D’Agostino added that the infrastructure supporting Bitcoin and other cryptocurrencies is “shockingly stronger” currently than during previous bullish price periods, a factor that institutional investors weigh heavily.

“I’m…

Read more on Benzinga

2K Reads