NYDIG CEO: “institutional investors are only interested in bitcoin”

As NYDIG CEO Robert Gutmann said, large institutional investors are exclusively interested in Bitcoin and are not considering investing in altcoins.

“Of the hundreds of recent conversations with large investors seriously considering investing in cryptocurrencies, say, from $ 50 million, absolutely all were about investing in bitcoin. 0% of these institutions are interested in some kind of cryptocurrency other than bitcoin, ”Gutmann said in The Scoop podcast .

The CEO of New York Digital Investment Group (NYDIG) confirms the popular view that institutional investors have taken notice of the cryptocurrency market after the introduction of massive economic support measures by various governments amid the COVID-19 pandemic. 

That is, the central banks of most countries began to print large amounts of fiat money, and in this regard, the unique properties of bitcoin have become even more attractive.

“The idea of ​​open money is a very powerful idea that, in our opinion, can really solve many of the fundamental problems of society,” said Gutmann.

Interestingly, the director of Pantera Capital, Dan Morehead, expressed a similar opinion earlier . According to him, if in 2017 ICOs and speculative tokens attracted attention, now there is a large-scale shift in investments in Bitcoin and ether.

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