The increased volatility of Bitcoin has not discouraged institutional investors from expressing a strong interest in the cryptocurrency.
Wells Fargo & Company is an American multinational banking and financial services holding company which is headquartered in San Francisco, California, with “hubquarters” throughout the country. It is the largest bank in the world by market value. It is the fourth largest bank in the U.S. by assets and the 2nd largest bank by market […]
Wells Fargo & Company is an American multinational banking and financial services holding company which is headquartered in San Francisco, California, with “hubquarters” throughout the country. It is the largest bank in the world by market value. It is the fourth largest bank in the U.S. by assets and the 2nd largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit cards. Wells Fargo ranked 10th among the Forbes Global 2000 (2015) and the 30th largest company in the United States, according to Fortune 500 (2015).
The increased volatility of Bitcoin has not discouraged institutional investors from expressing a strong interest in the cryptocurrency.
The recent surge in Bitcoin price, which saw a 2.6% increase in the past 24 hours, can be attributed to the success of spot Bitcoin ETFs.
Hougan noted that major wirehouses will soon drive the Bitcoin demand to the roof as the supply gets reduced during the halving event.