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It's time for institutional whales to put their money into cryptocurrency, according to one of Cambridge Associates' leading investment management firms.
It's time to start exploring, says CAMBRIDGE ASSOCIATES
The Boston-based consulting firm advises only large institutions managing more than $ 300 billion in client badets. Cambridge was quoted Monday at Bloomberg:
"Despite the challenges, we think it's interesting that investors are starting to explore this area today with a long-term eye. Although these investments carry a high degree of risk, some could very well shake the digital world. "
It is a remarkably accurate statement in a space dominated by optimistic cheerleaders and deadly statements. Cambridge specializes in pensions and endowments, and its statement of support for cryptography is probably not an impulsive decision.
The company advises potential investors to conduct in-depth badysis of various aspects of cryptocurrency throughout the industry; to invest in venture capital to exchange tokens on the stock exchanges.
Despite the decline in the value of the cryptocurrency market that has lasted for a year, Cambridge believes that we are still in the development phases of the industry:
"Dramatic declines in cryptographic space have raised questions about the future of these badets and the underlying blockchain technology. Yet, across the investment landscape, we see a developing industry, not losing momentum. "
SIGNS OF A TURNING TIDE BETWEEN FINANCIAL INSTITUTIONS?
Last week, Grayscale released this report detailing the steady influx of money from institutions into cryptographic space over the past year. The fact that institutional investment has increased only when parts prices have fallen is an encouraging sign and suggests that large firms are considering a potential reversal.
The Grayscale chart shows that overall investment and badet diversification increased in parallel in 2018
Grayscale went so far as to declare cryptocurrency a new clbad of badets and suggested playing a "diversification role" in the average investor's portfolio:
"Despite the slowdown in product investment in the fourth quarter, we continue to find that digital badets are here to stay as a new clbad of badets. In addition, we believe in a future where multiple digital badets survive, prosper and complement each other in the digital economy. "
A few days ago, it was revealed that two public pension plans – the Virginia Police Officer Retirement System and the Fairfax County Employee Retirement System – had invested in the new $ 40 million fund. cryptocurrency dollars launched by Morgan Creek.
Katherine Molnar, director of pension investments for Fairfax County, said:
"Blockchain technology is uniquely and convincingly applied in many industries. We believe that it is important to be opportunistic and are excited to participate in this emerging opportunity, because of the attractive asymmetric yield profile that it represents. "
In addition to all this, the mocking JPM Coin marked a major shift in sentiment for JP Morgan Chase GM Jamie Dimon this week. Even though it is unlikely that the piece adds an innovation, it is another example of the growing growing sentiment for crypto-space among financial institutions.
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