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Bitcoin Is More Than Just an Asset, Says TD Cowen

A detailed image showcasing a stack of Bitcoin cryptocurrency coins on a black background.
Illustrative photo.Photo by DS stories on Pexels

What happened

Bitcoin Is More Than Just an Asset, Says TD Cowen, according to Bitcoin Magazine. Bitcoin Magazine Bitcoin Is More Than Just an Asset, Says TD Cowen TD Cowen says institutions are talking more about how bitcoin can be used to support capital markets. Bitcoin Magazine Bitcoin Is More Than Just an Asset, Says TD Cowen Investment bank TD Cowen has said that Bitcoin is more than an asset โ€” and will be increasingly used as financial infrastructure to underpin institutional products.

Writing in a Tuesday note, TD Cowen said that after attending a BitcoinTreasuries Conference this week in New York, it noticed institutions were more than interested in just accumulating the leading cryptocurrency. The comments come as major banks around the world delve deeper into the technology that underpins Bitcoin, with firms offering โ€” and using โ€” crypto products for customers and to streamline their own services.

Sources & evidence