Mike Novogratz – Investment Advisors Will Power Next Wave of Bitcoin Adoption
Novogratz: “Bitcoin’s total market cap continues to grow, but still has tremendous room to expand compared to other global markets…
Billions of dollars of infrastructure investments have been made in the last few years to support bitcoin’s robust ecosystem and enable institutional investors to have the tools and opportunity to invest, trade, and instantly transact with billions of dollars in daily liquidity. Progress on this front includes regulated custody, physically settled futures contracts, and regulated options contracts.
From Goldman Sachs to Fidelity, to IBM and the NYSE/ICE, major financial institutions have made and continue to make sizable investments in the industry and verticals of bitcoin’s value chain.”