Winklevoss Capital's Sterling Witzke says 2019 may not be the year of institutions

18 Jan, 2019
by David Borman
Winklevoss Capital's Sterling Witzke says 2019 may not be the year of institutions

It is being reported by Cointelegraph that Winklevoss Capital partner Sterling Witzke said in a recent interview that she doesn't feel it is likely 2019 will draw in institutional money the way many are hoping it will. Generally she feels big money is still insecure about some of the unsolved problems surrounding crypto, namely security and regulation.

The interview occurred at the Crypto Finance Conference in St. Moritz, Switzerland, on Jan. 17th. In it Witzke claims that part of what is driving the fervor is leftover optimism from 2017's huge bull run, but realistically institutional money isn't ready yet. She is quoted:

"Because the end of 2017 was so crazy, people tend to think the space moves at lightning speed [..] At the level of underlying [tech] development it [often] does [...] but I think it takes a while for institutions to get comfortable. There needs to be better custody, healthy debt and credit markets to get [them] really excited. So I don’t think 2019 will necessarily be the year."

The Winklevoss' Gemini exchange recently has been running ads pushing for greater regulation in the crypto realm, presumably because they feel this is what it will take too bring in institutional money. However some crypto purists feel government regulation will only undermine exactly what crypto aims to be. Witzke clarifies that she agrees there need be no more regulation on the protocol level, as all the essential rules are "built in."

This does leave the open market, which is the place most would-be investors see the biggest problems. It is no secret that in its current state crypto markets are highly susceptible to manipulation, not to mention theft.

Whether or not 2019 will see big money remains to be seen, but as ever, stick with Chepicap for all updates!

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