John D'Agostino, Head of Institutional Strategy at Coinbase Global Inc.
(NASDAQ:COIN), said on Monday that institutional investors are happy at being able to purchase Bitcoin (CRYPTO: BTC) at a discount.
Whales Ready To Buy BTC Cheap?
During an interview with CNBC, D'Agostino said that investors, who have spent considerable time studying Bitcoin, are not dismayed by the cryptocurrency's price dip.
"I can tell you that the family office is new in the UAE, and the government sovereign funds that are putting the effort into buying are not unhappy at being able to buy it at a discount," said D'Agostino, who recently concluded a visit to the Middle East.
