The bitcoin price is likely to consolidate for a while, SkyBridge Capital CEO Anthony Scaramucci said.
Thomas Peterffy told Bloomberg he now owns bitcoin himself after once warning of harm the cryptocurrency could cause.
"Bitcoin price appreciation blew home price increases out of the water," according to Point2, a real estate platform.
Bitcoin fans increasingly call the token "digital gold," but many major investors remain highly skeptical about it as a hedge or way to diversify.
Bitcoin investment products hauled in the majority of inflows into cryptocurrency vehicles last week, at $269 million.
"They're better just purchasing bitcoin than to play the futures game at this point," a private equity CEO said.
Investment in bitcoin hit its highest in four months in the week to September 24, when China announced it would ban most crypto activities.
Mike Novogratz said investors are still very interested in crypto and that he's not nervous about the recent sell-off.
Jayson Stewart, mayor of a town of roughly 1,500 people, believes bitcoin will be transformational for residents.
The passively managed fund was launched this week in collaboration with NYDIG and is available to JPMorgan's private bank clients, a CoinDesk report said.
So-called hyperbitcoinization could take place as early as 2035, according to Finder.com, which surveyed a panel of crypto experts.
The move highlights growing institutional interest in the cryptocurrency market.
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MicroStrategy CEO Michael Saylor urged caution to those who purchase bitcoin for the sake of trading or on a speculative, short-term basis.
Growing signs that Western governments, such as those in the US and UK, are cracking down on crypto should worry big investors, UBS said.
Soros Fund Management, thought to manage about $27 billion, is the latest fund to start trading bitcoin, a report said.
Katie Haun, who will co-chair Andreessen Horowitz's $2.2 billion crypto fund, says infrastructure will be a key investment area.