Cryptocurrencies, especially Bitcoin have received their fair share of attention this year, thanks to increasing interest in digital currencies among traditional financial institutions and the pandemic-driven economic slowdown affecting economies and markets. The research division of leading crypto spot and derivatives exchange OKEx – OKEx Insights in collaboration with blockchain data firm Catallact has recently concluded a comprehensive study of transactions conducted over the Bitcoin blockchain to identify the prevailing investment trends in the sector.
The study considered on-chain Bitcoin data from the month of January till the beginning of August, taking into account the transaction sizes to understand the behavior of large-scale investors in the sector. One of the aims of this study was to find out whether the inclusion of Bitcoin into the portfolios of well-known funds really drive institutional investors to invest in the flagship cryptocurrency as claimed or not.
There have been a number of instances in the recent past including macro investor Paul Tudor