The American institutional investors buy up bitcoins

According to recently conducted researches, purchases of bitcoins increase in hours of activity of the traditional markets of the USA. Besides, movement of cryptocurrency from East Asia to North America is observed. The Reuters edition published the report according to which all large number of North Americans institutional investors buy bitcoins. This conclusion is drawn on the basis of data of the analytical company Chainalysis that in November at the East Asian exchanges capital outflow at a rate of 240,000 BTC ($4.5 billion) was observed. These bitcoins were, are generally sent to the North American continent. “Weekly pure inflow of bitcoins — the indicator of new buyers — on the platforms serving generally North American users jumped up this year more than by 7000 times and was in the middle of November over 216,000 bitcoins for the sum of $3.4 billion” — it is said in the report. Ciara Sun, the head of department of global business and the markets of Huobi cryptocurrency exchange, commented on these data as follows: Sudden inflow of institutional investors interest from the North American region leads to change of trade in bitcoins which is shown in redistribution of assets between certain exchanges and platforms.
The executive director of the Blocktower Capital company Ari Paul paid attention that purchases of bitcoins increase in business hours of the traditional markets of the USA. He wrote on twitter: “During the most part of this rally we observed accurate work of the algorithms providing purchases in hours of the USA and calm in hours of Asia. Generally it is about the wealthy people spending the considerable sums by means of algorithms (including on off-exchange OTC platforms)”. Besides, the director of Blocktower noted that he among managers of hedge funds, such as Paul Tudor Jones, becomes fashionable to accumulate bitcoins.
“For the last several weeks I repeatedly talked to managers of billion hedge funds, discussing a possibility of commission of the first purchase by them for the sum from $5 million up to $100 million and also with other investors increasing the investments, for example, from 1% of their equity to 5-10%” — he reported. The leader of a podcast of Venture Coinist Luke Martin also commented on growth of purchases of bitcoins in hours of activity of the traditional markets of the USA. From his point of view, Arie Paul’s tweets well explain “the driving force of the ascending trend within the last weeks”.