The bear season, which has been experienced since the beginning of the year in cryptocurrencies, continues. including Bitcoin cryptocurrencies While the value is declining, there has been no news of purchases from different corporate companies for a long time.
Josh Olszewicz, head of research at Valkyrie Investments, a crypto fund management firm, touched on this issue in a statement.
Olszewicz, long-term for corporate firms BTC He still thinks his purchases are reasonable. However, for a shorter term, institutions do not look at cryptocurrencies that much due to the general conjuncture in the world.
Another fund manager, IDX’s chief investment officer Ben McMillian, thinks similarly:
“Due to the macro-economic conditions, corporate companies do not want to take much risk at the moment. However, companies are making plans about when they should buy Bitcoin. They haven’t completely given up on cryptocurrencies.”
MicroStrategy Receives BTC Whatever!
Due to market conditions, institutions seem to have removed cryptocurrencies from their agenda for now. However, MicroStrategy bitcoin one of the rare companies that continue their purchases.
Despite being sued by a US prosecutor last month, MicroStrategy is not giving up on BTC purchases. The company announced that it has purchased 301 more Bitcoins with a market value of $ 6 million the other day.
Thus, the total number of Bitcoins held by MicroStrategy reached 130,000. The average price of purchased Bitcoins is around $30,000.
$BTCtrying to maintain the level of $ 18,900 as of writing.
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