💨 Abstract

Large investors, including Guggenheim Partners, Norway's sovereign wealth fund, Nuveen, and TCW Group, expressed reluctance to invest in cryptocurrencies, citing challenges in determining their fundamental value and the lack of a clear alternative to banking. Bitcoin hit a record high of $109,071 on Donald Trump's inauguration, but these firms plan to stay on the sidelines.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖