The months-long headwinds in the cryptocurrency ecosystem are beginning to fuel disinterest amongst institutional investors in Hong Kong.
According to a report
This figure is significant because it is far above the 3% who held a similar view in the previous quarter.
“It is true that retail investors and the institutions who serve them are less active in crypto and perhaps looking for other assets in the short term,” said James Quinn, managing partner of Hong Kong-headquartered Q9 Capital, a crypto investment platform for institutions and high-net-worth individuals. Quinn added that “the 'easy money' is not so easy at the moment.”
It has been a roller coaster ride for the broader cryptocurrency ecosystem since the invasion of Ukraine by Russian troops.
The global economy was turned into chaos and this was further compounded by the collapse of Terra LUNA which lead to the bankruptcies of a number of established crypto firms beginning with Three Arrows Capital and later, Voyager...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...