BlockTower Capital CIO: Wall Street in "wait and see" mode with BTC

02 Feb, 2019
by Alberto Arnaldo
BlockTower Capital CIO: Wall Street in wait and see mode with BTC

Ari Paul, co-founder and CIO of crypto hedge fund BlockTower Capital, sent a tweet storm out earlier today giving insights into his conversations with “traditional investors, traders and crypto funds”.

Paul, who has actually sent out about 20 tweets regarding the topic, shared mostly positive impressions coming from his conversations, as there definitely seems to be interest coming from Wall Street towards Bitcoin, although there is some debate as to what would be the optimal point of entry for these institutional investors:

For those who prefer classifications in order to approach knowledge, Ari Paul also included three kinds of institutional views on crypto, namely the venture capitalist approach, passive BTC exposure and generation of profits providing services or trading actively:

The commonality observed by the BlackTower Capital CIO in all three types of traders is their cautious approach towards the cryptocurrency markets, apparently:

Although Paul appeared to try his best to stay informative, on the last tweet of the thread he did included a prediction, amid a disclaimer, that on Q3 2019 we could witness a big spike in institutional adoption:

BlockTower Capital was founded in 2017 by a former Goldman Sachs manager, amid the latest crypto bull run, and has been seemingly faring better than other funds in the current bear market.

Read more: Crypto hedge fund BlockTower Capital continues to grow despite bear market; BlockTower Capital Bets on Bitcoin, loses $1 million

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