Matt Hogan: "Now there is a rapid maturation of the cryptocurrency market"

Bitwise CryptWise Cryptowise Crypto -Activations, Matt Hugan said, that the growing interest of institutional investors shows growing up the industry.

During the podcast
Unconfirmed with Laura tires (Laura Shin), Matt Hogan (Matt Hougan) I drew attention to the growing Interest in cryptocurrencies from hedge funds and financial consultants. This is one of the most obvious signs of the formation of the cryptocurrency market.

“Now we see the rapid ripening of the cryptocurrency market. Investments in these assets have become acceptable for institutional and professional investors. This is due to the appearance of high -quality solutions for storing and trading digital assets, recognition from the regulators, as well as the appearance of new areas inside the cryptocurrency market, For example, decentralized financing sectors. I think, We are at the very beginning of the way, And this snowball will grow rapidly ", Hogan said.

Cio BitWise also told, that the company's client base has changed significantly over the past three years. If in 2017 year -rich and very rich people resorted to the service of BitWise, looking for the opportunity to invest in cryptocurrencies to diversify portfolios, then now the influx of investments is provided by financial organizations and consultants.

“Everything has changed. Rich people still use our services, But the main influx of investments is provided by hedge funds and financial consultants. Two years ago it was impossible, since there were no regulated castodial services, providing insurance ", - noted Matt Hogan.

Hogan touched the popularity of bitcoin among analysts. for instance, Bloomberg senior analyst in goods has repeatedly spoke about Bitcoin, stated, that the BTC course can achieve $100 000. And after that, How PayPal has given access to cryptocurrencies on its platform, And other companies "have to follow this example".

On the last day of October, the Bitcoin course exceeded
$14 000 and updated the maximum since January 2018 of the year. However, at the moment, Bitcoin rolled back to $ 13,500.