BitcoinAfter the end of 2017, many institutional investors were expected to enter the crypto-market. The corporate investor expected in 2018 does not seem to have entered the market yet. Are they waiting for the regulations or the price to go to the bottom?
A meaningless recession
A columnist from Bloomberg explored the uncertainty of Wall Street giants in 2018 to make crypto investments seem like a crap. Moreover, he also threw the headline: ÜstGoldman Sachs, Morgan Stanley and many people responsible for this. They did not come.". In the corner; 2017/2018 For the co Bitcoin bull run, 18 he emphasized the stagnation as a result of Wall Street giants accepting cryptos prematurely.
In this article, the current position of these institutions is defined as ambiguous or intermittent. The actions of these financial giants, who are willing to investigate the commercial potentials of the crypto frenzy on Wall Street, especially Bitcoin, are currently in recession. Moreover, few of these giants are developing their commercial infrastructure.
The Wall Street marketers' Bitcoin interest was seen as an indication that the adoption of crypto for traditional and sophisticated investors would increase. Daniel H Gallancy, CEO of New York-based SolidX Partners; he said that the market, Goldman, or anyone else has unrealistic expectations that he may suddenly start a Bitcoin trading business. He also added that this was an exaggerated thought.
As stated in the article, Goldman Sachs People who are close to crypto developments emphasized that progress is almost unnoticeable.
Large Dead End
Justin Schmidt, one of the company's top executives; that the current impasse is caused by regulators on crypto assets. he said. In the Bloomberg report, it is seen that they are ready to offer trades following the Bitcoin futures transactions in September. However, they have not received a single contract since.
Two Barclays, Chris Tyrer, and Matthieu Jobbe Duval, who headed the digital asset project, left the project with Citigroup and Barclays in silence. Article, Barclays currently has no plans for the crypto trading table. Moreover, he said, Citigroup had not received any of the products he designed for crypto currencies.
However, in 2019, emotions related to the future of institutional investments are still strong. At the same time, most wait for regulatory clarity before joining the car.
Source: bitcoinnews