Adoption of digital currencies in organizations with the help of venture capitalists

Even though we are clearly going through one of the most difficult periods in the digital currency market, there are still positives. In this article, we review the opinions of Mike Jones, Wave Financial’s business development manager, and other investment experts on the increasing demand from organizations to invest in the digital currency industry.

To Report Kevin Telegraph, the two chief executives of Wave Financial, an asset management firm that develops customized investment strategies for high net worth individuals and organizations (with at least $1 million in capital), said that despite the market’s bearish trend, it has seen an increase in demand. Organizations are for using digital currency industry products.

At the blockchain futures conference held in Toronto, Canada, Mike Jones said:

Wealth management companies such as Morgan Stanley, Merrill Lynch and Goldman Sachs can direct institutional investment in companies under their capital management to this area, and of course they have the same plan. In this way, the customers of these organizations will enter the ecosystem.

For example, Jones pointed to the partnership between BlackRock and Coinbase, which gives users of the Aladdin institutional investment management platform access to trading and investing in digital currencies and Prime Brokerage services with Provides reporting capabilities.

According to the executive director of Viv, in addition to wealth management companies, venture capitalists (VC) will also face a lot of growth due to the increased demand for innovative investment. Gerard Berile, the investment manager of this company, also added that risk-taking investors whose clients, instead of getting acquainted with digital currencies through centralized exchanges, enter this ecosystem through VCs themselves and make large-scale transactions with these currencies also for The digital currency industry will be fruitful.

Brill adds in this context:

In terms of venture capital, this bear market has been an opportunity. Over the past year and a half, we have seen the valuation of many different companies rise tremendously, and one could say that a price bubble was formed. In the last 6 months, we have seen that the valuation of these companies has become closer to their real values, and this is a good time to allocate capital to them.
Looking at the market, what seems encouraging is to think about the arrival of the last cycle in the bearish price trend.
A few years ago there was a lot of talk about whether the end of digital currencies had come. Are digital currencies dead?
But from the point of view of institutional investors and by examining the demands of institutions, it can be said that most of them want to know if now is the right time to enter the market?

Brill also adds:

There are many encouraging things for investors. Although the market prices are painful for many people; But there are also opportunities, especially for those who are developing their products in this ecosystem.

Some data obtained from blockchains also supports the claims of Brill and Jones. According to the information of IntoTheBlock last March, the number of large transactions in the Cardano blockchain has grown more than 50 times compared to 2020 (2019), which can be attributed to the growth of institutional demand. However, US regulators do not allow the use of some digital currency investment vehicles, such as Bitcoin exchange-traded funds (ETFs). According to many experts, such tools can attract new investors to the market.