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Traditional crypto custodians ramp up security to accommodate institutional demand

Published 12/19/2020, 09:07 AM
Updated 12/19/2020, 10:40 AM
Traditional crypto custodians ramp up security to accommodate institutional demand
BTC/USD
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Institutional investors are paying close attention to digital assets as Bitcoin (BTC) continues to soar past record-breaking levels, almost reaching the valuation of $24,000 for the first time in its history.

Recent findings from a Bank of America–Merrill Lynch survey conducted between Dec. 4 and 10 show that about 15% of fund managers with $534 billion under management believe Bitcoin to be the third-most crowded trade behind being long on technology shares and shorting the U.S. dollar. In addition, a recent Fidelity survey found that out of almost 36% of the respondents, or 774 institutional investors, own crypto assets.

Offline security a must for safeguarding digital assets

Traditional players believe offline storage is a must

Is offline protection enough?

Continue Reading on Coin Telegraph

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