The crypto ecosystem has been challenged ‘no fewer than probably 100 times’ over its lifetime. Here’s why many institutions are still piling into the asset class, and what roadblocks remain.

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

All eyes have been on the crypto space this year as it has undergone its most notable boom in history. The volatile and often-polarizing space has from the likes of famed investor Charlie Munger while attracting capital from hedge fund legends and . 2021 may well mark an inflection point in the maturation of the nascent crypto ecosystem.

“I think what we’re seeing now is a market that is much healthier and much more two-sided than we’ve ever seen before. And the dynamics at play in the crypto market today are very different than they were in the 2017 run-up,” said Michael Sonnenshein, CEO of Grayscale Investments, , the $37 billion Grayscale Bitcoin Trust. “We’ve really seen the development of derivatives lending and borrowing, the development of order management systems indices, and further regulatory clarity around the asset class,” he added. Sonnenshein ‘s comments were made during Insider’s recent virtual event, “Future of Finance,” presented by Grayscale, which took more...