Institutional Investors are Moving Fast into Crypto
The institutional adoption of crypto assets is improving at a fast rate. It is growing at a faster rate than most relatively new industries grow. This is according to the view of the Senior Advisor at Coinbase, John D’Agostino.
Evidence of Longevity
D’Agostino equally believes the ongoing tussle between the US CFTC and SEC favors crypto. It proves it will be an important aspect of the market in the days ahead.
John D’Agostino spoke at a SALT interview conducted by Anthony Scaramucci on the 18th of October. He said new classes of assets usually take time before they develop. This is because of what he called institutional inertia.
D’Agostino also said that many switching costs are connected with getting new assets. However, it has not been the case with crypto assets.
For D’Agostino, therefore, things are actually moving fast. That is from the perspective of someone who worked for fifteen years in an attempt to make commodities mainstream.
He also said he understands why someone could think that things are glacial in the heat of the moment. However, from the perspective of institutions, D’Agostino believes things are moving very fast.
On what might have slowed down the pace of institutional adoption, D’Agostino also shared his view. He said regulators in the US have displayed complacency. It has now gotten to the stage where it poses harm to the growth of crypto technology.
There Will Be an ETF
But somehow, D’Agostino considers the regulatory bifurcation between the US CFTC and SEC to be good. He simply said people don’t fight over what is going away.
Crypto is engaged as a bargaining tool by the leaders of regulatory agencies. Announcements are also going out to state a position on which regulator will control what. All these indicate that crypto is an important aspect of the market structure.
D’Agostino also firmly believes that a crypto exchange-traded fund will be approved eventually. This is despite the fact that the SEC has been rejecting several proposals.
He thinks there will be a change around that. Notwithstanding the delays, it is inevitable to have an EFT, he said. He could not tell when it will happen but it is going to happen at some point.
The co-founder and CEO of Coinhako, Yusho Liu, spoke with Cointelegraph recently. He said it is expected that institutions will have increasing interests in crypto as it matures.
He clarified that inflows from institutions will keep growing. It will also be an important driver for crypto adoption and innovations in the future.
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