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Genesis Trading Sees “Strong Signs” Institutional Crypto Investment Growth Will Accelerate Over The Next Year – Bitcoin Spotlight News

Noelle Acheson, Head of Market Insights at Genesis Trading, shared with CNBC on Tuesday her outlook for the cryptocurrency market and what investors should expect in 2022. She said: Strong signs of an acceleration in institutional investment growth over the next year

Genesis Trading is a full service prime digital currency brokerage. The company offers market participants a fully integrated platform to trade, borrow, lend and hold digital assets. It is a wholly owned subsidiary of the Digital Currency Group (DCG), one of the largest private investors in blockchain and digital asset companies.

The institutional growth over the past 12 months has been amazing. We see strong signs that this will accelerate over the next year.

Acheson stated that institutional investment growth will result from both direct investments in tokens and companies in the crypto ecosystem. She added that investments in infrastructure companies for the crypto market would likely be accelerated given “the sums of money out there looking for returns.”

She explained that institutional investors are expanding their interest beyond Bitcoin and Ether to smaller and riskier cryptocurrencies in order to diversify their portfolios.

“One of the big developments of the last 12 months was the migration of Bitcoin mining out of China. Much of it went to the United States … Even more important for the bitcoin market is access to finance for bitcoin miners, ”continued Acheson.

Other indicators that institutional adoption of cryptocurrencies is increasing is a survey by Nickel Digital Asset Management, which shows that 82% of institutional investors and asset managers plan to increase their exposure to cryptocurrencies by 2023. Institutional investors are preparing for crypto despite anticipating a major correction in the crypto market.

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In October, global investment bank JPMorgan said that “institutional investors appear to be returning to Bitcoin because they may see it as better inflation protection than gold”. A growing number of large banks are offering their customers crypto products and services due to the high demand. For example, the US bank said in October that it was rolling out crypto custody services due to strong demand from institutional clients.

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What do you think of Acheson’s comments? Let us know in the comment section below.

Kevin Helms

Kevin, a student of Austrian economics, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

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