Inexperienced merchants normally search increased costs on the finish of a bull marketplace for worry of lacking out on the uptrend. However institutional traders 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, stated: stated in an interview with Cointelegraph. Institutional traders and portfolio managers are beginning to see Bitcoin as a “critical venue” as a result of “the FOMO for Bitcoin is gone,” he stated.
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