Analysis: Large-scale buying by institutions will push Bitcoin into the price discovery phase

ChainCatcher news, according to Bitcoin.com, Bitcoin Opportunity Fund's managing partner James Lavish stated that when institutions start buying Bitcoin, they are not as price-sensitive as you and I. They will simply look at their portfolio, decide on allocations, and then place orders with traders, saying "go long" (with volume) to buy regardless of the amount.

These purchases range from a mere million to hundreds of millions, which will allow Bitcoin to enter a new price phase with ample demand. "As demand seeks volume, volume in turn seeks price. Whatever that price may be," Lavish summarized.