Adrian Lai, founding partner of Hong Kong-based crypto investment firm Orichal Partners, has forecast that in 2018 the crypto market will “mature” and increase its trading volume, particularly among institutional investors, the South China Morning Post April 9.
Lai characterized both last year’s eye-popping market cap growth — reaching an of over $800 bln by early Jan. 2018 — and its subsequent first quarter spiral to , as of today, April 9, as “irrational.” He attributed this staggering volatility to a lack of regulatory oversight and institutional investment, but struck a decisively optimistic tone about the future, saying that:
“Regulators are not banning the development of cryptocurrencies, but are trying to better regulate the market, which should help the industry mature (…) If the regulatory stance gets clearer, large funds will be more assured and willing to commit significant capital.”
2018 has already seen considerable regulatory momentum pertaining to the crypto sphere, lending credence to Lai’s position. The US (CFTC) and (SEC) in Feb. 2018 were devoted to crypto regulation.
The , , and are all currently debating and issuing regulation for , , and , as well as considering , with some admitting that regulatory measures .
In January, Cointelegraph reported that is already on track to exceed 2017’s numbers, with notable investments $140 mln VC already raised from , , and for Circle’s recent of the Poloniex crypto exchange, as well as VC Firm Digital Currency Group’s investment in crypto-friendly Silvergate Bank.
Published at Mon, 09 Apr 2018 22:05:16 +0000
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