INSTITUTIONS NEED TO START ‘DANCING’ WITH BITCOIN, SAYS SUSQUEHANNA EXEC

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INSTITUTIONS NEED TO START ‘DANCING’ WITH BITCOIN, SAYS SUSQUEHANNA EXEC

Thu Aug 02, 2018 2:11 pm

Financial institutions are “looking on the dancefloor” with Bitcoin, “but nobody’s dancing” – that’s according to Susquehanna head of digital assets Bart Smith told mainstream media August 1.

‘$400 MILLION – IT’S NOT NOTHING’
In an episode of the network’s Fast Money segment, Smith addressed industry sentiment and what needs to happen for institutional investors to pile into Bitcoin en masse, as well as the recent Winklevoss exchange-traded fund (ETF) rejection.

“…A big insurance company, Calpers or a state pension could put a little a little bit of money in there and I think that would be the sign that you know what, I’ve got to get in now,” he told presenters.

Smith noted that US Bitcoin trading volumes had returned to $400 million per day following a dip this year, with CME and CFE futures volumes also delivering $400 million daily results over the past week.

“$400 million – it’s not nothing,” he added.


https://bitcoinist.com/susquehanna-inst ... g-bitcoin/

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