CEO of a startup Abra bill Barhydt (Bill Barhydt) believes that the cryptocurrency market this year waiting for a new boom, as it comes to institutional investors.
“I talk to hedge funds, people with big capital, even with commodity speculators. They look at the volatility of cryptorhynchus and regard it as a huge opportunity. Once that happens, all hell will break loose,” said Barhydt.
The interest of institutional investors to scriptactive becomes noticeable in Japan, said the former developer of trading systems for Goldman Sachs. According to him, this indicator will start to occur in the West, regardless of the reduction of retail investors in recent months.
“Actually at the moment in the crypt close to zero large-scale institutional funding from the West. It comes in Japan. When you start to receive serious Western institutional money — be alert,” — said the head of the Abra.
Barhydt, said institutional investments in assets such as bitcoin or Ethereum will create a “halo effect” for the broader cryptocurrency market.
“I think it will happen this year,” he said.
We will remind, earlier it was reported that the company Abra has released a new version of its mobile bitcoin wallet — multipedes, support Ethereum and 52 Fiat currencies.
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