Institutional investors continue to look for key infrastructure projects that воља form the future of the crypto industry. Famous investment names like Abrdn, Blackrock,and Charles Swab are launching new crypto-related пројекти that are in demand by both institutional and retail clients.
Велики новац је био accumulated amid la booming demand for crypto assets as many believe the криптозима воља not last long. Indeed, Cryptocurrencies су патња од a huge drop since last November as Bitcoin prices (БТЦУСД) plummeted from almost $69,000 to $19,000 in June. Ethereum prices (ЕТХУСД) followed the leading digital currency by plunging in sync from $4,860 to $883 над the same period. Many believe the downside cycle у цриптомаркет is over since prices of the top digital currencies reached peaks of the previous upside cycle of 2017, when Bitcoin hit a висок of 19,891 XNUMX долара по новчићу. Some do believe these previous peaks are not brick wallс које ће обезбедити цриптоцурренциес with nothing else to do than plunge further down. The most pessimistic forecast for the major cryptocurrency is that it may dive to $6,000 per coin, which is more than 90% of its peaks and more than 70% off the lows of June.
However, such a dramatic plunge is not виђено да се a тежак burden for large investment houses as they base their strategies on дугорочна перспективаs that could be decades long. So, why is велики новац only coming to the market now, as the market is experiencing a third-tier generation as many new projects emerged током the pandemic years. Partially, it is not true. Big money has always кружио around the crypto industry, чекати то постати а more legitimate and mature market. Some big money early birds did enter the market in 2021 after Bitcoin rallied 170% a year before. У новембру КСНУМКС, Гуггенхеим Партнерс filed an amendment са Америчка Комисија за хартије од вредности to allow its $5 billion Macro Opportunities Fund to invest up to 10% of the fund’s net asset value in the Grayscale Bitcoin Trust, an ETP that tracks the price of bitcoin. It did go even further да створи another fund focused on derivatives that траг underlying crypto assets with potential bitcoin exposure. Some prominent investors, including Paul Tudor Jones, also joined the crypto rush as la инфлација spirals only stared to pick up to the heart-breaking double digitsили КСНУМКС.
Large institutional investors are betting on long-term infrastructure development and crypto services that could be delivered to their customers. So, it is not a matter of hit-and-run strategies that are more attributed to crypto enthusiasts. BlackRock recently came out with its partnership deal with the prominent large Coinbase cryptoexchange to offer the first ever direct token investment product for its clients. Brevan Howard raised more than $1 billion for a crypto fund. Abrdn, one of the largest investment houses у Великој Британији,најавила la purchase of a big stake in la U.K. regulated Archax digital assets exchange that would allow the company to join the board of the exchange. The U.S. prominent investment group Charles Schwab launched an ETF with exposure to crypto without buying crypto currencies themself. Another UK asset manager,Сцхродерс, bought a stake in digital assets manager Forteus in July.
These examples testify that the interest of institutional investors is not waning as digital assets’ prices are going deep down this summer. Some may consider ови покрети as биће a good sign for a possible recovery that is supported by la recent rebound of crypto assets. But these hopes could be wishful thinking as the conditions for Краткорочни investments into risky crypto assets are deteriorating. The U.S. Federal Reserve is likely to continue its monetary tightening throughout 2023. This may лоше утицај цене на крипто средство at the onset.
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Source: https://cryptodaily.co.uk/2022/08/metadoro-digital-infrastructure-remains-the-key-investment-point