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Coinbase CEO Reveals 2 Catalysts For Institutional Investor Crypto Adoption

We have said this more than once – the big players aka institutional investors, are extremely important in the crypto mass adoption game. This means that the more catalysts for this the crypto space sees, the better. Check out the latest reports about the mass adoption of crypto below.

Coinbase CEO reveals crypto adoption catalysts

Coinbase CEO Brian Armstrong says the crypto exchange has been working to get sovereign wealth funds to invest in digital assets.

In a new interview, Armstrong made sure to explain the fact that some of these institutional investors have already allocated a portion of their portfolio to digital assets.

“There are some sovereign wealth funds out there that have now done it and we’ve closed these deals with like BlackRock, the largest asset manager in the world, to kind of get more and more of this money flowing in.”

Armstrong says that more institutional investors will likely invest in crypto. This will reportedly happen once there is regulatory clarity in the space.

“What are the major inflection points that can cause that to happen? The biggest one I think in my mind is regulatory clarity. When I talk to institutional investors, they always bring that up and the good news is we’re starting to finally see regulatory clarity.”

He continued and said this:

“And we can talk about what that is if you want and I think even more regulatory clarity in the next year or two will actually drive a bunch more of that money.”

As the online publication the Daily Hodl notes, he said that improved scalability of blockchains would also drive more wealthy investors into crypto. This is reportedly slated to happen just as how the internet transformed when it moved up from dial-up to broadband.

At the moment of writing this article, the crypto market is making efforts to recover following recent losses.

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