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Institutionalisation of Bitcoin seems to have started; up 220% in 2020

Updated : December 18, 2020 04:26 PM IST

Bitcoin has almost tripled this year, rising nearly 220 percent on a year-to-date basis, after losing 25 percent in March amid the coronavirus outbreak.
Such a robust rally has piqued investors' interest in the cryptocurrency and the currency has also become investible for institutions.
Jefferies informs that in mid-August and September invested in the Bitcoin equivalent of $425 million.
Institutionalisation of Bitcoin seems to have started; up 220% in 2020

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