Bitcoin Bears Fail Miserably in Stopping Huge Institutional Demand For Crypto7.4

As much as some cynics, such as traditional investor Mark Dow, like to paint it, institutions are heavily invested in the crypto space already. Sure, the Chicago Board Options Exchange (CBOE) recently divulged that it intends to put its Bitcoin (BTC) futures vehicle on the backburner, but investment statistics accentuate that big names are flooding into this space.

Business Insider reports that “major financial institutions,” coupled with prominent venture capital groups and technology powerhouses, are continuing to catapult money at the cryptocurrency and blockchain space. Data suggests that in the past four months alone, startups in this embryonic space have secured $850 million in 13 large deals.

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