Institutional investors and portfolio managers have started considering Bitcoin as a “serious venue” to invest in according to Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer, who spoke about how investors are attracted towards this asset class post Canada’s advanced crypto trading regulation.
Pye believes that in the midst of global inflation combined with macroeconomic hurdles, fund managers and institutional investors who manage diversified portfolios are looking for alternative asset classes for investing. “The FOMO in Bitcoin is gone; it’s all moved over to AI [artificial intelligence]. So now the institutions and the proper portfolio managers — the people that are responsible for running diversified portfolios — are now starting to take a look at Bitcoin as a serious venue.”