Bitcoin is an under-owned asset with potential for huge institutional sponsorship coming."
I am curious what exactly he mean by institutional sponsorship...
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Bitcoin is an under-owned asset with potential for huge institutional sponsorship coming."
I am curious what exactly he mean by institutional sponsorship...
I think he means that not a lot of big funds own bitcoin compared to other assets like gold, silver, oil etc... Now that it is pretty clear that Bitcoin isn't going away and derivatives are coming that will offer some hedging strategies on positions, he is thinking a lot of funds that have been on the sidelines will start making their way into Bitcoin, especially since it is hard to generate returns in other places right now.