Henrik Andersen, CIO of crypto asset fund manager Apollo Capital, said in an interview that he believes institutional investors will be a “game changer” in the cryptocurrency market.
Anderson argues that the conservative crypto-stance towards institutions may soon change. He also said that while the global interest is not relatively upbeat, there are many players who continue to observe the market before investing.
Apollo Capital Frontier Fund, a $50 million venture, was one of the early institutional investors in digital assets. It helps investors to easily access future crypto opportunities.
According to Anderson, the change in investment behavior of institutions will have a profound impact on the digital currency market, which is currently valued at around $300 billion.
Investors expect institutional sentiment to change
Institutional sentiment will change when larger investors start pouring more money into the cryptocurrency market, says Anderson.
Anderson’s claim is based on his experience in the traditional financial world. He says
“Nobody wants to be the first at anything like this. There’s a career risk if you’re a beginner, and that will change over time to be the opposite. He added
But as more institutions start investing in crypto, the perception of risk will change. And when that happens, the floodgates will open and a lot more institutional money will flow into the market.
Anderson also said that he expects major changes in the crypto market in the next 12 to 18 months, as more institutional investors enter the space.
If his predictions are correct, the influx of institutional funds could have a major impact on the price of bitcoin and other digital currencies. He added that many banks in Australia are interested in digital asset trading and custody services.