Genesis Trading Sees ‘Strong Signs’ of Institutional Crypto Investment Growth Accelerating Next Year

Genesis Trading Sees "Strong Signs" of Institutional Crypto Investment Growth Accelerating Next Year

Genesis Trading’s head of market insights says that the institutional investment growth in the crypto space over the last 12 months “has been astonishing.” The executive added: “We’re seeing strong signs of that accelerating over the next year.” Strong Signs of Institutional Investment Growth Accelerating Next Year

Noelle Acheson, head of market insights at Genesis Trading, shared her outlook for the cryptocurrency market and what investors should expect heading into 2022 with CNBC Tuesday. She said: The institutional growth over the last 12 months has been astonishing. We’re seeing strong signs of that accelerating over the next year.

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

Acheson explained that the institutional investment growth will come from both investments directly in tokens and companies in the crypto ecosystem. She added that investments in crypto market infrastructure companies are likely to accelerate given “the amount of money out there looking for returns.”

She explained that institutional investors are expanding their interest beyond bitcoin and ether into smaller and risker cryptocurrencies to diversify their portfolios.

“One of the big developments over the past 12 months was the migration of bitcoin mining from China. A lot of that went to the United States … Even more significantly for the bitcoin market directly is the access this gives bitcoin miners to financing,” Acheson further opined.

Other indicators that institutional adoption of cryptocurrency is growing include a survey by Nickel Digital Asset Management showing that 82% of institutional investors and wealth managers are planning to increase their cryptocurrency exposure between now and 2023. Institutional investors are warming up to crypto despite expecting a major correction in the crypto market.

In October, global investment bank JPMorgan said that “institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge than gold.” A growing number of large banks are offering crypto products and services to their clients due to high demand. US Bank, for example, said in October that it is launching crypto custody services due to strong demand from institutional clients. Tags in this story bitcoin outlook, bitcoin outlook 2022, crypto market, crypto outlook, cryptocurrency outlook, DCG, Digital Currency Group, genesis, Genesis Trading, genesis trading crypto, institutional adoption, institutional growth, investment growth

What do you think about Acheson’s comments? Let us know in the comments section below. Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Mexico"s Third Richest Billionaire"s Advice: Invest in Bitcoin, Stay Away From Dollars, Euros FEATURED | 1 day ago Million-Dollar Digital Collectibles: An In-Depth Look at the Top 10 Most Expensive NFTs Sold This Year FEATURED | 2 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleAscendEX Lists Sidus Heroes Token, SIDUS Next articleLegal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItEthereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed

With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, ... read more.Crypto Scammer Arrested in Bangkok After Fleeing With 500 Million Baht Crypto Exchange Binance Receives Approval in Bahrain — Plans to Become Regulated, Centralized Worldwide Pensioners of the National Oil Company Will Receive 2 Petros as a Gift in Venezuela Charles Hoskinson Discusses Cardano’s 2022 Plans, Founder Says Project ‘Needs Institutions to Have Stake in the Success of ADA’