Revolut CEO: Wall Street Doesn’t Want Cryptocurrency Yet, But I’m Bullish For 2019

“There’s No Interest From Big Institutional Investors [For Cryptocurrency] So Far”

The arrival of institutions has long been seen as the cryptocurrency industry’s holy grail, so to speak, with investors clamoring for household names to allocate capital, time, and manpower to this nascent asset class. However, the hopes of many were quashed, as one of this industry’s own explained that Wall Street is hesitant to make substantial investments into cryptocurrency-related startups, products, and platforms.

The biggest roadblock to Wall Street behemoths rolling out cryptocurrency businesses may come from their own clients https://t.co/NmAnA6sCnf

— Bloomberg Crypto (@crypto) November 8, 2018

Speaking at Libson’s recent Web Summit 2018, Nikolay Storonsky, managing director of Revolut, explained that interest from “big institutional investors” has waned. Although his comments may have been cast aside by crypto optimists, many have expressed that his insider knowledge…