Charles Hoskinson, Ethereum co-founder, says that crypto speculators are not paying attention tot he amount of institutional investors ready to jump onto the crypto craze!
He says that Wall Street investors are ready to invest “tens of trillions” of dollars following the next wave of government regulation. This is big news for any investor because the majority of the money is currently pent up in the bullpen. When they can invest legally, there will likely be a huge bull rush.
Several big fish are really getting prepared for institutional dollars. Circle, which is backed by Goldman Sachs, already announced a new stablecoin that’s focused on minimizing market volatility and help make it more navigatable for Wall Street investors. Coinbase has also been developing some new products that are built to unlock over $10 billion of institutional investor cash that’s just waiting to be unleashed.
Charles Hoskinson left Ethereum and started IOHK, a company that specializes in building blockchain and cyrtpo for governments, academic campuses, and companies.
Nasdaq has also been partnering with a few crypto exchanges such as Gemini. They’re currently using their tech to develop some robust trading platforms to meet demands of institutional traders and also plans to build out its own crypto platform.
Gemini has also been working with Caspian to connect traders with multiple changes from one single interface.
Even with all this bullish news for crypto, there are still legends that doubt the staying power of crypto. Bill Gates, Warren Buffet, and Jamie Dimon don’t agree that it’s a good investment at all. Cryptocurrencies are valued at a cap of about $286 billion overall, which is a very small fraction of the global wealth.
Analytical. Paranoid. OCD. Interested in the world of crypto and how it affects our current world and future. New to investing, not so new to know how crypto works and influence the world of fiat currency. Blockchain is my second wife.
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