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RE: The NYSE likely has found a bitcoin custody solution for institutional clients!

in #bitcoin7 years ago

To start with it will only be hedge funds taking advantage of this.

Pension funds are regulated as to the type of asset they can invest in, so I doubt they'll invest in bitcoin.

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While that is likely true, it doesn't mean they won't allocate something like 1% to an asset like bitcoin. A similar allocation to what they might do in gold/silver etc. It just serves as portfolio protection. However, 1% of that kind of money would turn out to move the crypto markets significantly.