Spencer Bogart who works for a venture capitalist firm, known as Blockchain Capital, believes that Bitcoin’s institutional sector is becoming more powerful. Even though the value of the digital asset market has dropped significantly, the infrastructure that powers Bitcoin is becoming stronger. Back when the crypto market was going through a major bull market, traders and investors were mainly the reason for the market reaching new highs. In the long term, Bogart believes that a stable infrastructure, security system, liquidity, compliance of rules and protocols, and investor protection will cause a steady inflow and outflow of capital from financial institutions and investors. The next rally could happen through new investors. Many investors still see Bitcoin in an early stage when it comes to infrastructure, liquidity, and merchant acceptance. There are still a lot of governments that are still unsure of the stance they take on cryptocurrencies. All in all, there will still be a major adoption of cryptocurrencies by leading financial institutions, and this is only the start.
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