Inexperienced merchants often search increased costs on the finish of a bull marketplace for concern of lacking out on the uptrend. However institutional buyers have a tendency to attend till the bubble settles earlier than coming into. Bitcoin (BTC) The 2022 bear market has put an finish to the hype seen in 2021.
Fred Pai, CEO of Canada’s first fund issuer, 3iQ, mentioned: mentioned in an interview with Cointelegraph. Institutional buyers and portfolio managers are beginning to see Bitcoin as a “critical venue” as a result of “the FOMO for Bitcoin is gone,” he mentioned.
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