【1.3 Dcoin daily news】Bakkt Raises $182M from Institutional Investors, Binance CZ Comments “Not Dumb”

Despite the crypto market experienced a rough 2018, with the market capitalization fell to lows of $100 billion in December, many analysts see the drops as being temporary because more and more large institutional investors have entered the crypto race.

Due to the volatility characteristic of cryptocurrency, traditional institutions are cautious about this digital asset and had not shown in-depth interest in it. However, the number of high profile investors, as well as large investment comanies, has grown significantly in 2018.

Moreover, Mike Novogratz, the chief executive officer of Galaxy Investment Partners, said he sees Q1 and Q2 2019 as a period when more institutions will start to come into crypto and he expects the crypto markets to turn bullish again in 2019.