There is a lot to be said for institutional investment into the cryptosphere especially through Bitcoin. However, where institutions might be dropping the ball regarding direct investment and positive sentiments, powerful individuals just might be picking it up.

Specifically, it would seem like some of the heads of investments for some traditional multi-billion giants are looking into Bitcoin and how they might be a part of the wave.

Popular Bitcoin Bull and co-founder of Morgan Creek Digital, Anthony ‘Pomp’ Pompliano, recently posted a tweet, revealing a “new trend” he has personally noticed. According to him, even though many giant firms are not yet directly invested in Bitcoin investment, their Chief Investment Officers (CIO) are.

“NEW TREND: I’ve met with multiple CIOs at multi-billion dollar institutions lately. The firms aren’t invested in Bitcoin yet, but the CIOs are. That will quickly change.”

Pomp hopes that the interest shown by these executives would be enough to sway the firms in the Bitcoin direction. Already there is some favorable sentiment shared by individuals and institutions alike and it is hoped that firms like Fidelity Digital Asset Services, would influence others into making a direct play very soon.

Miller Value Partners, a firm led by veteran investor and hedge fund manager, Bill Miller, has reportedly made a significant 46% profit this year alone, thanks to Bitcoin. This is an outstanding figure, especially when it is considered that only 7% has been recorded for the S&P 500. Miller has also declared that since 2014, he has held 1% of his entire net worth in Bitcoin.

Former Facebook senior executive, Chamath Palihapitiya has also said he believes that the “single best hedge against the traditional financial system” is Bitcoin.

Furthermore, the Research Division of Binance conducted a study that found that “all simulated portfolios which included Bitcoin exhibited overall better risk-return profiles than traditional multi-asset class portfolios”.

According to the study, it is the best option for diversification because “despite its volatility, Bitcoin has not exhibited a significant correlation with other traditional asset classes such as commodities, equities or fixed-income products since its creation in 2009″.

The post Investment Executives Of Multi-Billion Dollar Firms Are Biting The Bitcoin Pie appeared first on ZyCrypto.

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