RATE Group | Blockchain Ltd CEO Predicts Institutional Investment Will Flow Into the Cryptocurrency Market
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Blockchain Ltd CEO Predicts Institutional Investment Will Flow Into the Cryptocurrency Market

22 Jul Blockchain Ltd CEO Predicts Institutional Investment Will Flow Into the Cryptocurrency Market

Posted at 07:10h in Cryptocurrency News by

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The CEO of leading blockchain wallet and technology company Blockchain Ltd, Peter Smith, has said that he expects more institutional investment to flow into the cryptocurrency industry.

In an interview with Bloomberg on July 20, 2018, the CEO discusses the immediate outlook for cryptocurrency markets. Smith believes improved regulatory clarity “that didn’t exist a year ago” will lead to positive price consolidation over the next quarter.

“I think we are seeing another slow consolidation in the market now, and we are likely to see a moderate but positive consolidation over the next quarter,” said Smith.

The CEO notes that everyday consumer investment is lower and the uptick right now originates from institutional investors. These institutional investors, however, need a more conventional infrastructure to encourage them.

Bitcoin will lead the markets

Institutional investors also appear to buy bitcoin first, he notes, which means bitcoin price is likely to continue to…

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