Bakkt, Fidelity, CME and CBOE have ‘positively positioned’ the future of cryptocurrencies, says Bitwise CEO

Bitwise’s chief executive officer, Hunter Horsley, spoke about the brutal dips taken by Bitcoin, which was ultimately mirrored by Ethereum [ETH], XRP, Tron [TRX] other cryptocurrencies, in an interview on Bloomberg.

He spoke about the importance of cryptocurrencies in the upcoming years and the entry of institutions, backed by the government, and how it could help improve and trigger the next bull run.

Horsley directed towards his firm [Bitwise] and said that investors, be it individuals or institutions, are investing in cryptocurrencies even though the market is undergoing a crash and that the people redeeming their investments are negligible as compared to the investors that are pouring in, to invest.

Furthermore, he said that the institutions or investors’ doubts or explanations about the current scenario/state of the market can be explained by the company or the custodian.

He continued:

“… it simplifies exposure, it’s you know, it’s much the same reason that the investors…

Read Full Story : AMBCrypto

2018-12-08 21:30:16

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