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Don’t bet on institutional investors to run Bitcoin to $150K: Researcher
Institutional investors aren’t likely to be the ones to push Bitcoin to new highs this year without a market-moving event, according to macro researcher and FFTT founder, Luke Gromen.
“If you’re counting on institutional investors to run it from you know 90 to you know 150, if that’s your plan, that’s probably not going to happen without some major catalyst,” Gromen told Natalie Brunell on an episode of Coin Stories published to YouTube on Wednesday.
“That’s not how institutional investors act,” he said. “They’re going to sit there and just go, I'll wait. I’ll wait,” he said.
A rise from Bitcoin’s (BTC) current price of around $89,880 to $150,000 would be a 67% increase, and 18.86% above its all-time high of $126,198, according to CoinMarketCap
$BTC