Dan Held of Interchange on Institutional Investors: “We’re Going to See a Trickle than a Flood Right Away”


In a recent interview with BLOCKTV, Dan Held, the founder of crypto-based firm offering crypto asset portfolio accounting, reconciliation and reporting services, Interchange, expressed immense optimism in relation to the entry of institutional investors, reports CCN. While he does seem to agree that not many would want to dip their toes into the crypto water at first, getting one in at a time is significant enough to positively impact the crypto sphere.

Dan Held has been a supporter of Satoshi, their vision and Bitcoin since 2012. He trusts that Satoshi’s decision to bring such a concept amidst the financial crisis was essential. In particular, he said:

“Satoshi planted the seed of Bitcoin in the moment of despair in the 2008 financial crisis and that wasn’t a mistake,” adding that it hit central banks hard.

In his point of view, institutional investors are aware and are constantly updating themselves within the crypto sphere. However, said players, as he notes, “are looking for specific types of foundation,” that they are accustomed to and that would allow for better entry. An example he gives is of the entry of “bigger players”, such as Bakkt and Fidelity and how they are crucial in spreading the word and bringing awareness of the digital assets’ world.

His optimism comes from the fact that “forward-thinking companies coming into space and building an institutional framework,” is essentially part of the aforementioned “foundation”.

When asked how soon investors can expect the flow of institutional money, Held responded that every possible player is already in their place (i.e. sitting on the sidelines) and the approval of things like “the Bitcoin halvening in 2020 to the anticipated approval of the Bitcoin ETF by the SEC,” is when the actual testing of the crypto waters will take place. That is, the wait for institutional investors in the crypto market will exponentially decay.

To watch the entire interview, check out:

https://bitcoinexchangeguide.com/bitcoin-bch-ethereum-and-litecoin-price-prediction-todays-top-crypto-forecast-analysis/

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