Wall Street is Playing Chicken on Bitcoin Adoption: Hedge Fund CIO

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Wall Street is Playing Chicken on Bitcoin Adoption: Hedge Fund CIO


Ari Paul, the co-founder of crypto investment firm BlockTower Capital, says bitcoin adoption is at a standstill because Wall Street is taking a “wait-and-see” approach amid the bear market. In a lengthy tweetstorm, Paul says institutional viewpoints about cryptocurrencies fall into three categories: Venture capital mindset: Is there value creation we can capture with early-stage investment? Passive bitcoin or index exposure: Is this going to be digital gold or a portfolio hedge? Is this a market where we can generate profits as service providers or through active trading? Institutions Are In ‘Wait-and-See’ Mode Paul says the three viewpoints are not

Wall Street is Playing Chicken on Bitcoin Adoption: Hedge Fund CIO by CCN

Posted by Samantha Chang on February 2, 2019 @ https://www.ccn.com/wall-street-is-playing-chicken-on-bitcoin-adoption-hedge-fund-cio/

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