Leaders of the crypto industry, whether discussing roiling markets or the future of [name anything], encouraged enthusiasts and skeptics alike to see the value of crypto as tech.
Driving the news: Thousands flocked to Austin, Texas as Digital Currency Group subsidiary CoinDesk kicked off their crypto conference yesterday.
State of play: "I'm going to keep it real, the next 12 months from a macro economy perspective is going to be really tough," Christine Moy, head of digital assets at Apollo Global Management, said during a panel on market making, custody and other institutional demands. "It's not a crypto thing. It's a global markets thing."
"If we have a small or maybe not-so-small bear market on our hands, a lot of [institutions] will delay their decision," Evgeny Gaevoy, CEO of market maker Wintermute Trading, added.
"Back in 2018, a lot of potential institutions who were ready to go into the space decided it's canceled. It'll happen again now, probably," he said.
The intrigue:...
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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...