The crypto market has been displaying optimistic gestures since the hottest Bull Run which increased the price and market capital of Bitcoin (BTC) and other coins. According to a recent data survey by Grayscale, the total Assets under Management (AUM) was more than one billion dollars ($1.2 B) a little more than Coinbase.
The institute demanded that there had been forty-two percent (42%) upward trend in product influxes every quarter.
The report further stated that the hedge funds increased their investments considerably, from one million dollars ($1M) to twenty-four million dollars ($24 M) in a few months.
The report also signals towards BTC’s reputation in the investment dominion; by analyzing the king coin’s newly found sweet spot. As stated by the research, the crypto market is on the threshold of accepting a risk-on mentality where investors will enter into BTC and other digital assets.
The modern study from Grayscale cites another report titled as “Heading Global Liquidity Risk with Bitcoin” which associated the effects of global happenings on resources.
Grayscale ranted that BTC has a distinctive set of characteristics, which helps it in performing well in normal economic cycles besides uncertainty catastrophes, especially those concerning currency deflations.