Institutional Bitcoin buying may soon price out retail — LONGITUDE panel
Bitcoin has emerged as the only ‘true hedge’ against geopolitical risk, Animoca Brands’ co-founder said at Cointelegraph’s LONGITUDE event in Dubai.
Retail investors are running out of time to accumulate Bitcoin as institutional adoption accelerates, according to Sergej Kunz, co-founder of exchange aggregator 1inch.
Bitcoin (BTC) is evolving into an alternative reserve currency, propelling institutional demand and potentially pricing out retail investors, Kunz said during Cointelegraph’s LONGITUDE event in Dubai.
“Every retail user should be thinking about getting at least one Bitcoin — very soon they won’t be able to afford it,” Kunz said.
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