Institutions Are Coming for Your Crypto

Institutions Are Coming for Your Crypto

30. oktober 2018 ACE TOKENS ALTCOINS ASICS BANK BCH - BitCoin Cash BITCOIN (BTC) BITCOIN CASH ELECTRONEUM ETC ETH ETHEREUM FANTOMCOIN FCN FeatherCoin GLOBAL HISTORY LTC MONERO NOTE TRADING Uncategorized XRP ZCash ZEC 0

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative.

The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.


The term “institutional crypto” sounds like an oxymoron. There’s something quite ironic about financial institutions adopting a renegade technology that was designed to do away with them.

Yet a string of developments this past month suggests that – to put it bluntly – the institutions are coming for your crypto.

Whether this is something to be alarmed, excited or bemused by, depends on what you want out of cryptocurrencies and blockchain technology. Do you want fully independent control over your assets, a more efficient and inclusive global economy, or just to get insanely rich?

What is clear is that, for a time at least, there will be an awkward and increasingly intensified clash of cultures between the pinstripes of Wall Street and the hodlers of crypto land.

And while an influx of institutional money may at some point drive up crypto prices, that clash portends more uncertainty and volatility for at least a while longer.

Source:   https://www.coindesk.com/institutions-coming-for-your-crypto/

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