Analyst: Institutional investors may emulate gold and increase their interest in BTC in the coming years

Odaily Planet Daily News: Mark Palmer, Senior Analyst at The Benchmark Company, stated in an interview with Yahoo Finance this week that this rebound will be mainly driven by institutional investors who will continue to increase their interest in Bitcoin in the coming years. Mark Palmer cited gold prices for comparison. At the beginning of the 21st century, when investors and pension funds began to purchase gold exchange traded funds (ETFs), the price of gold began to soar. This development has opened the door for gold to become a more mainstream investment. Since the beginning of this century, the price of gold has risen by 845%. He explained, "The reality is that there are many underinvested pension funds. Bitcoin is a non related asset with great potential for upside. Therefore, it makes sense to add a portion of Bitcoin to the investment portfolio. If this situation continues, we will continue to see institutions find ways to include Bitcoin and cryptocurrencies in their investment portfolios, which will greatly increase demand for Bitcoin, and this is the way to push up prices." (businessinsider)