While trading around $39,000, institutional investment in cryptocurrencies increased by $109 million in the past week, according to the latest CoinShares report. There it is highlighted that this is the fifth week of incoming capital flows to cryptocurrencies, after three weeks in which BTC sales by investors predominated.
Despite the global macroeconomic climate given by Russia’s invasion of Ukraine (it is clear that, as happens in any war, stock markets go down and the general trend is to seek safe havens for value), a turning point can be detected in regarding the crypto economy, since institutional investors and large corporations have decided to adopt them, in a sustained manner, since 2020, and they do not stop doing so now.
In 2021 there was plenty of news about crypto investment by major players like PayPal (NASDAQ:), Mastercard (NYSE:), Tesla (NASDAQ:), MicroStrategy, Square (NYSE:) and some of the world’s most prestigious banks. . Considering only twenty-three companies, according to data provided by Trustnodes, an investment of a figure close to one million bitcoins was made in that year.
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