The institutions are not there -
The institutions are not there -
Anthony Scaramucci, CEO of Skybridge Capital, an investment company with several investment classes, says that he is very exaggerated to the institutional investment boom in cryptocurrencies. In an interview with Bloomberg last week, Scaramucci said that most institutes still have no interest in cryptocurrency as an investment and that only 10 % actively invest in crypto.
Anthony Scaramucci thinks that institutions still have no big on crypto
Anthony Scaramucci, CEO of Skybridge Capital, believes that it is still a long way for Bitcoin and cryptocurrencies to be assumed by institutional investors. In an interview offered to Bloomberg told Scaramucci that, in his experience, only 10 % of the institutional world actively invest in cryptocurrencies. This may be a minority, but according to Scaramucci it is a minority that has a certain influence. The founder of Skybridge Capital says the situation feels like a "delusion of feeding".
The investor explained:
The institutions are not there. Everyone who tells them that there is institutional acceptance in this room is not honest - or he sees something that I don't see.
This way of thinking states that the entire cryptocurrency bull market was mainly driven by private investors and that when institutions really enter the crypto room, they will give it a massive boost. However, instruments such as ETFs will play an important role in achieving this goal.
Defi and the future of institutional investments
decentralized financing was one of the big topics that drove the cryptocurrency market this year. The ability to handle financial services without intermediate traders and access them is a key feature of the sector. Scaramucci believes that this could lure more institutions into the room in the long run.
But as it is, institutions still have reasons to be careful when investing in cryptocurrencies. Some claim that there is no clear regulation in the sector, which has been criticized by many actors who are currently confronted with complaints in crypto -related cases, such as z ripple . This month, Coinbase, one of the leading US cryptocurrency exchanges, stopped From the SEC in its traces when she intended to launch a crypto -based credit product. The latest Chinese crypto also affects Perception that investors have from these instruments.
In any case, the attention of large institutional companies like. increased on cryptocurrency Goldman Sachs , jp Morgan , and loyalty , among other things, who have started to offer their customers cryptodistics.
What do you think of Anthony Scaramucci's opinion on institutional investments in cryptocurrencies? Tell us in the comment area below.
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