While everyone currently in the cryptocurrency space eagerly awaits the supposedly inevitable flood of institutional money, questions have been asked as to where said funds will go. Element Group’s Thejas Nalval claims Bitcoin is “number one on that list.”
The cryptocurrency market is currently supersaturated with failed and soon-to-be-failed projects. Nevertheless, the cream rises to the top and there are currently numerous contenders for the top spots. So where will institutional investors put their funds, if and when they decide to enter the market?