Galaxy Digital Expects Fireworks in Crypto Industry Once Regulatory Concerns Settle
Speaking at Canaccord Genuity’s Digital Assets Symposium on Tuesday, Galaxy Digital Holdings Ltd.’s co-president and head of global markets, Damien Vanderwilt, said that a “really substantial wave” of capital from large institutions is about to enter the crypto industry.
Vanderwilt said:
“When regulatory issues become more settled, knowledgeable institutional investors will be ready to capitalize.”
He added that while every major traditional financial player has put up a version of a crypto working group, the “institutional wallet really has not arrived in our sector yet in any meaningful way.”
“Investors are considering the latest correction in crypto prices as a buying opportunity,” he continued, noting that everything is connected these days with leveraged hedge funds often needing to lessen their exposure to crypto during equity market sell-offs.
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Source: igaming
