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Tipping Point Reached for Institutions in Crypto

Traders Magazine – by Shanny Basar

Last year was a tipping point for mainstream institutional investors entering digital currencies markets, with Bitcoin leading the way, according to a report from Citi GPS.

Citi Global Perspectives & Solutions said in a report, Bitcoin: At the Tipping Point, that they first wrote about digital currencies in 2014 when Bitcoin was five years old and had a market value of around $6.2bn (€5.2bn). At that time, they assessed Bitcoin as a ‘wannabe asset’ and a ‘wannabe means of transaction.’

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