Former Citi Exec: Crypto Market Cap Still Smaller than Samsung, What’s Preventing Institutions’ Entry?

Hwang Hyeon-cheol, a former Citi and Allianz executive who worked on Wall Street for over two decades, has said that the valuation of the crypto market is still smaller than Samsung, the largest conglomerate in South Korea. The former Wall Street executive turned crypto investor and the CEO of Atomrigs, a digital asset custodian in the cryptocurrency market of South Korea, told a local publication in an interview that institutional investors are key in increasing the inflow of capital into the new asset class. In the past, prior to 2018, Hwang emphasized that it was virtually impossible for institutions to

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South Korea’s Top Crypto Exchange Just Launched a Major Product, But is There Real Demand From Institutions?

Bithumb, South Korea’s largest Bitcoin exchange by trading volume, has launched an over-the-counter (OTC) trading platform that will allow deep-pocketed traders to exchange crypto assets off the books. In an official announcement, Bithumb Global Limited, a Hong Kong-based subsidiary of the South Korean exchange, said that it will cater services to institutional clients under the brand name Ortus. Is the Company Seeing Institutional Demand For Crypto? Since late 2017, various reports have claimed that the OTC market is significantly larger than the cryptocurrency exchange market. Last year, TABB Group estimated the OTC market of Bitcoin to be at least two

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News – CCN

For the price to remain the same, it means people (and institutions) are buying at least more than 12,000 BTC every single week.

I think many institutions are buying quietly before the next rally and before the next halving:

http://www.bitcoinblockhalf.com/

This is a great time to accumulate. The upside potential overweighs many times any downside risk. And with the stock market peaking, more money will start flowing into Bitcoin.

submitted by /u/simplelifestyle
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