The entry of institutional investors in the crypto market is considered to be the Holy Grail to new fresh capital inand other Altcoins to pump. The Bitcoin-Supporter and billionaire Michael Novogratz, as well as Goldman Sachs, assist the Custodian-solution BitGo for large investors.
According to an official press release of BitGo from California, the Costudian solution could collect in a round of financing more than 58.5 million dollars in capital. BitGo is a kind of large Wallet for crypto-currencies will be able to billions safely and competently store.
This step is a little surprising, since in the past many large Financial institutions symbolizes that a secure storage option for, the larger investment is, to date, still missing. BitGo could close this gap.
Rana Yared, managing Director of Strategic Investment Group, describes the demand is increasing daily (freely translated):
Greater institutional participation in the markets for digital assets requires secure and regulated depot solutions. We see our investment in BitGo as an exciting opportunity, to the development of this critical market infrastructure.
Mike Belshe , CEO of BitGO, from that his company’s security, Compliance andfor crypto-currencies from a single source can offer. Many large investors do not have to enter the crypto market still, as an All-missing-in-one solution. BitGo has positioned itself very early and want to take advantage of this time advantage (freely translated):
No one is better positioned than BitGo, to provide institutional investors, the crypto currencies and digital assets want to trade values. Therefore, we concentrate to find out what it takes to save a trillion dollars. The market is not there yet, but our task is to be first ready.
Many experts believe that the market could face a sharp upturn, when there is persuasive custody solutions can be offered for Bitcoin.