2019-7-7 01:08 |
Cryptocurrency holders have been long awaiting the arrival of major institutional investors. The 2017 bull run culminated in a $20k bubble. But as the market picks up steam again experts are claiming financial institutions around the world will be riding the wave as well this time. A couple of industry insiders told Coindesk that future growth will surely be aided by institutional investors.
Oliver von Landsberg-Sadie is the CEO of BCB, a company that specializes in financial services for digital assets. He thinks the growth we are currently witnessing is supported by larger institutions pumping new money into the crypto space.
“The 2013 bubble was driven by technocrats and dark web trawlers and the 2017 rally was led by the whims of speculative retail traders, 2019’s growth belongs to financial institutions who are diversifying stale portfolios and finally have the professional machinery to do so.”
Oliver von Landsberg-Sadie knows first hand that this bull run will be different because of the clientele that BCB is pulling in.
“This is a fundamental shift in client profile compared to last year which was dominated by crypto projects looking for liquidity.”
Another strong sign that a stream of institutional investors are on the way is the behavior of the top exchanges. Kari S. Larsen is a legal professional and partner at Perkins Coie’s Blockchain Technology & Digital Currency group in New York. She says the industry has been preparing for a shift.
“Exchanges are changing their focus from retail traders to institutional traders, providing such customers better ability to customize the front end of their trading platforms and providing APIs that better suit what institutional traders are used to.”
Institutional investors will definitely take Bitcoin and the rest of the cryptocurrency markets to new heights. But no one should expect these institutions to enter the space haphazardly. Their moves will be calculated and deliberate.
The smartest entities will accumulate during the inevitable dips. These institutions will have as much desire for stability as anyone, so growth could be slower than previous runs. But the outlook for the future value of the crypto markets is looking up.
The post Interest Among Institutional Investors Paving The Way For A Positive Crypto Future appeared first on ZyCrypto.
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