Some of the Biggest Asset Managers Are Building Out Their Crypto Teams, Says Morgan Creek Digital Co-Founder
Recently, Anthony Pompliano (aka “Pomp”), co-founder of Morgan Creek Digital (MCD), discussed how some of the world’s largest financial institutions are preparing to go all-in on cryptocurrencies. Speaking to The Daily Hodl, Pompliano said: “Regardless of what happens to the price in the near term, one thing is for sure. The big financial institutions are here. everything included in bitcoin and cryptocurrencies.
This may not help the price in the short term. But that tells me this industry is going nowhere over a long period of time… “Even though we’re in this deep bear market, there are institutions that are itching to get back in the game…
[Mercer] said that the big six banks are ready to go as soon as they get the green light from the regulatory environment…“This week I personally spoke to several organizations, including some of the top wealth managers in the world.”
They all have teams focused on bitcoin and cryptocurrencies. you are hiring They put these teams together and try to figure out what they’re going to do. Some of them want to make products. Others want to generate revenue through industry-related services. And others simply want to make it easier for investors to allocate the space.
Former hedge fund manager Novogratz is the founder and CEO of Galaxy Digital, “a technology-driven financial services and investment management company that offers institutions and direct clients a comprehensive, end-to-end suite of solutions for the digital asset ecosystem. Novogratz’s comments were made during an interview with Andrew Ross Sorkin on CNBC’s “Squawk Box.” According to a report by The Daily Hodl, Novogratz had this to say about Thereum and Bitcoin: “Ethereum has seen a pretty big drop since we that had fusion.
The Fusion was an amazing achievement in so many ways, wasn’t it? It shows that a decentralized community can achieve something really complicated. And I think we’re going to remember that as something really meaningful. You know, Ethereum was going from $1,000 to $2,000. And now it’s had a really big setback.
It looks like $1,250 should be the bottom here, so I think you’re closer to the bottom than the top… “Somewhere there’s a position in bitcoin because you just see yourself all these institutions are starting to chime in. So when I look at this adoption, when I see BlackRock making a deal with Coinbase and their own fund… you just know people are coming to buy and you so know bitcoin could go lower, of course it could, but I don’t think there’s a catastrophic drop… “They would be neutral here waiting to see the Fed pivot. And then I think you will see a big crypto rally.