Crypto
iTrustCapital says half of clients bought bitcoin, not chasing prices
Demand for bitcoin investment is picking up again, with about $1 billion put to work on U.S. wealth platform iTrustCapital in the last quarter, including hundreds of millions of dollars shifted from clients’ cash-like assets into bitcoin buying. CEO Kevin Maloney said the recent behaviour differs from momentum buying, noting about 50 percent of clients are buying bitcoin. He also cited investor fatigue and regulatory uncertainty in crypto markets.
