The cryptocurrency market is shifting into a higher gear as influential investors’ money is about to enter and play a key role in the cryptocurrency industry. Indeed, the growing interest of financial institutions in trading Bitcoin is transforming the cryptocurrency market. Meanwhile, experts are already debating whether retirement plan sponsors should include Bitcoin in 401(k) plans.
Big Money Players are Replacing Retail Bitcoin Investors
The theory that big financial institutions are reshaping the market is gathering steam. In an article entitled “Bitcoin frenzy settles down as big players muscle into market,” Reuters describes the changes occurring in the market, stating: