Adoption of cryptocurrency: Cambridge Associates declares institutional advisers on cryptocurrency

The cryptocurrency ecosystem is a booming field that has quickly caught the attention of financial investors. The growing popularity of cryptocurrencies has been linked to Cambridge Associates, a retirement and endowment consultant. According to Bloomberg, Cambridge Associates is of the opinion that institutional investors should consider interfering in cryptocurrencies.

One of the badysts of the Boston-based company, quoted in his research note:

"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. "

Large institutions have maintained a distance from the ten-year-old cryptocurrency sector because it is largely unregulated and because of its use in the illegal trade. According to reports cited by Bloomberg, the collapse of prices of many large cryptocurrencies, including Bitcoin [BTC], did not help his case.

Cambridge recommends to interested companies to spend "a lot of time learning about space", including different ways to invest, from illiquid venture capital funds to buying tokens on crypto stock exchanges -cryptées. According to the publication, Cambridge advises institutions that manage more than $ 300 billion. Crypto enthusiasts around the world believe that these investments, even if they are few in number, could bring greater credibility to the cryptography market.

Recently, two pension plans in Fairfax County, Virginia, this month invested in a venture capital fund for the blockchain and digital badets sector. The publication announced that last year, Yale University invested in a fund for early-stage projects related to cryptocurrencies, blockchains and exchanges.

One of the badysts noted:

"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. "