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Murtuza Merchant

Institutional Investors Embrace Bitcoin As FOMO Takes Hold

Bitcoin BlackRock Deutsche Bank Crypto

In this photo illustration a Bitcoin logo seen displayed on a smartphone screen and an Exchange graph on a MacBook screen in Athens, Greece on June 19, 2023. Bitcoin (CRYPTO: BTC), the world's largest digital currency with a market cap of more than $592 billion, has seen a remarkable rise in popularity and value among financial institutions. PHOTO BY NIKOLAS KOKOVLIS/GETTY IMAGES

According to crypto purchasing platform Swan Bitcoin, institutional investors have been feeling the FOMO, or “fear of missing out,” on Bitcoin’s growth and have been increasing their exposure to the cryptocurrency.

What Happened: A number of traditional financial entities have reversed their previous cautious stance on Bitcoin, signaling a change in their approach to cryptocurrency.

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