Genesis Trading sees strong signs for accelerating the growth of institutional crypto investments next year-next year
Genesis Trading sees strong signs for accelerating the growth of institutional crypto investments next year-next year
The Head of Market Insights by Genesis Trading says that institutional investment growth in the crypto sector has been "amazing" in the past 12 months. The manager added: "We see strong signs that this accelerated next year."
strong signs of accelerating institutional investment growth next year
Noelle Acheson, Head of Market Insights at Genesis Trading, shared their outlook for the cryptocurrency market and what investors for 2022 should expect on Tuesday. She said:
The institutional growth in the past 12 months was amazing. We see strong signs that this accelerates the next year.
Genesis trading is a full-service prime brokerage for digital currencies. The company offers market participants a fully integrated platform for trade, borrowing, lending and keeping digital assets. It is a 100 % subsidiary of the Digital Currency Group (DCG), one of the largest private investors in blockchain and digital asset companies.
Acheson said that institutional investment growth will result from direct investments in token and companies in the crypto ecosystem. She added that investments in infrastructure companies for the cryptom market would probably be accelerated in the face of "the money sums out there".
She explained that institutional investors extend their interest beyond Bitcoin and Ether to smaller and more risky cryptocurrencies to diversify their portfolios.
"One of the great developments in the past 12 months was the migration of Bitcoin mining from China. A lot of it went to the United States ... even more important for the Bitcoin market is access to financing for Bitcoin-Miner," continued Acheson.
other indicators that the institutional acceptance of cryptocurrencies increases, a survey by Nickel Digital Asset Management shows that 82 % of institutional investors and asset managers are planning, increase your cryptocurrency engagement to 2023. Institutional investors are warm up to crypto, although a. expected large correction on the cryptomarkt.
In October, the global investment bank jp morgan Investors apparently return to Bitcoin, maybe it sees it as better protection against inflation than gold. ” A growing number of large banks offers their customers crypto products and services due to their high demand. The US bank, for example, said in October that it introduced crypto-custody services because Demand of institutional customers.
What do you think of Acheson's comments? Let us know in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons