Dec 16, 2020 09:32 GMTCrypto News
Bitcoin becomes the third-most-popular asset among fund managers.
The institutional interest in cryptocurrencies is set to grow in 2021.
Bitwise success proves the popularity of digital assets among traditional players.
Buying Bitcoin is the third-most-famous trade among asset managers surveyed by Bank of America. The recent research conducted by the financial institution revealed that Wall Street’s interest in digital assets is growing, pushing the pioneer digital coin price to an all-time high.
As FXStreet recently reported, many prominent investors and high-profile companies are looking into opportunities to capitalize on Bitcoin’s outsized price increase. Since the start of the year, the coin’s 170% gains made it one of the most profitable assets in the environment of rock-bottom interest rates. The success has not gone unnoticed by the traditional financial industry.
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