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Trader warns institutions won’t ever invest in Bitcoin large-scale due to the overnight plunge Trader warns institutions won’t ever invest in Bitcoin large-scale due to the overnight plunge

Trader warns institutions won’t ever invest in Bitcoin large-scale due to the overnight plunge

The Bitcoin price plummeted by 50 percent on March 12 in a steep sell-off, and one cryptocurrency trader said that it could eliminate the appetite of institutional investors to invest in the space at a large-scale.

Trader warns institutions won’t ever invest in Bitcoin large-scale due to the overnight plunge

Cover art/illustration via CryptoSlate

The Bitcoin price plummeted by 50 percent on March 12 in a steep sell-off, and one cryptocurrency trader said that it could eliminate the appetite of institutional investors to invest in the space at a large-scale.

“Bitmex is the main reason institutions wonโ€™t ever invest in BTC in large scale.

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