Don’t bet on institutional investors to run Bitcoin to $150K: Researcher

FFTT founder Luke Gromen said institutional investors may not do much for Bitcoin's price this year, but other analysts have previously argued they'll be key to a Bitcoin resurgence.

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.

Read more