New Survey Finds One in Five Financial Institutions are Considering Trading Cryptocurrency

New Survey Finds One in Five Financial Institutions are Considering Trading Cryptocurrency

The title pretty much speaks for itself with this one, a new survey by Thomson Reuters finds that one in five financial institutions are considering cryptocurrency trading within the next 12 months.

Whats more 70 percent of this ‘One in Five’ said they hope to be trading Cryptocurrencies such as Bitcoin within the next 3 – 6 Months. The survey covered over 400 of the biggest names within the financial sector which included large asset managers, hedge funds and trading desks at the biggest banks.

This can only be yet more positive indicators that the overall sentiment on Bitcoin and Cryptocurrency is swiftly changing to the upside.

This comes just days after we hear a George Soros investment fund is to begin a Cryptocurrency trading desk, this coming from a man who only early this year in January called Cryptocurrency a ‘bubble’.

Adam Fisher, who oversees macro investing at New York-based Soros Fund Management, got internal approval to trade virtual coins in the last few months, though he has yet to make a wager, according to people familiar with the matter. A spokesman declined to comment. – Bloomberg

With most Cryptocurrencies currently soaring into new all time highs and Bitcoin beginning to show a break away from the downward trend this can only add fuel to an already healthy looking fire.

2018-04-25T22:22:34+00:00

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