According to Coinbase, Institutional Investors invest 200 to 400 Million Dollars in Crypto per week!
So, institutional investors are getting on the Bitcoin train if what Coinbase CEO Brian Armstrong says is true.
Coinbase is well placed to know what institutions are doing in cryptocurrency and Bitcoin.
As stated in a previous article in our crypto news, Coinbase recently acquired from Xapo its cryptocurrency custody business for institutional investors.
https://bitcoincryptoadvice.com/coinbase-acquires-xapos-institutional-custody-business
Coinbase has become the world leader in the custody of cryptocurrency for institutionals with $7 billion in cryptocurrency deposit currently.
In a tweet, Brian Armstrong says: