Goldman: Institutional money in Bitcoin a “tiny fraction” of entire market

interesting video clip with Goldman’s Head of Commodity Research where he not only suggests the institutional presence in Bitcoin is still very small, but quantifies this as roughly 1% of the total market cap. About a one minute read and a two minute video.

Comment: pretty interesting to see someone finally quantify the presence of institutional money in the bitcoin market. Curious how he arrived at this conclusion, but Goldman likely wouldn’t talk.