The well-known Bitcoin (BitcoinAnthony Pompliano says multiple sources claim Wall Street investors and the biggest financial institutions are planning to invest heavily in cryptocurrencies.
Pumpliano To tell His 436,000 Youtube subscribers show that financial institutions are already devoting a lot of resources to the crypto space looking to the future.
“Regardless of what happens to prices in the short term, one thing is certain. Big financial institutions, they are here. It may not really help the price in the short term.But it tells me this industry is not going anywhere in the long run.”
Pompliano, co-founder and partner of Morgan Creek Digital, the digital assets arm of investment firm Morgan Creek Capital, said heavy investment from financial institutions could follow regulatory clarity. He refers to a recent interview with David Mercer, CEO of his LMAX Group, a global financial technology company.
“We are in this deep bear market, but some financial institutions are not ready to get back into the game… [Mercer] Six large banks said they are ready to depart as soon as the regulatory environment gives them the go-ahead. ”
In an interview, Mercer told Pompliano, “I can name six of the world’s largest banks.”
Pompliano also said that in a recent conversation with a source, he confirmed similar institutional sentiment and interest in Bitcoin in particular.
“I personally spoke with multiple organizations this week, some of the largest asset managers in the world. They all have teams focused on Bitcoin and cryptocurrencies. are hiring, they’re building those teams and they’re trying to figure out what they’re trying to do. of companies want to generate revenue through industry-relevant services, while others just want to make it easier for investors to allocate space.”
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