Institutional investors are getting ready for a buying spree as $BTC remains oversold
In their report, Messari analysts and experts believe that institutions are coming back into the cryptocurrency industry, despite the low or nonexistent profitability of some funds. The same scenario was observed back in 2018, when institutions made their first purchases, when Bitcoin was trading at or below $10,000.Considering that BTC lost over 70% of its value, purchasing the digital gold now is similar to buying the asset back in 2018.
In terms of different segments of the industry, Messari experts believe we are seeing the separation of DeFi, NFT and other sub-segments of the digital assets industry considering their massive growth and independence.Analysts also believe that NFT will be able to fuel the adoption of the cryptocurrencies in the future once the industry's infrastructure steps up and brings more tools for creators and reputation management, considering its state today.
Decentralized finance, on the other hand, is yet to solve technical and security issues to become more usable in the future.
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