Cryptocurrency market’s “trajectory is obvious”, says Spencer Bogart

In an interview with Bloomberg, Joseph Lubin, the Co-Founder of Ethereum [ETH] said that the “trader types” are driving volatility in the cryptocurrency market. Spencer Bogart, a Partner at Blockchain Capital spoke about this statement made by Lubin in a recent interview.

While doing so, he also spoke about the general movement of the cryptocurrency market, and the trajectory that it is set to undertake. He described the growth of the industry in general and stated:

“Undoubtedly, the trajectory is very clear. The industry continues to gain more developers, institutional support is high whether its firms like Goldman Sachs announcing that they’ll be rolling out a trading desk related to crypto.”

Moreover, many speculate that institutional investors are yet to enter the market in a mainstream way due to the lack of a trusted custodian. Bogart remarked on developments in this space as well, and also spoke about sentiment in the market and the cycles it causes….