CEO of $10 billion fund expects Ethereum to gain Wall Street traction this year

CRYPTONAIRE LYWEEK

CRYPTO investment journal

CEO of $10 billion fund expects Ethereum to gain Wall Street traction this year

Crypto adoption on Wall Street is booming. Well, Bitcoin adoption anyway.

These past few months have marked a resurgence in the number of Wall Street investors and prominent firms taking a close look at the leading cryptocurrency and related blockchain technologies.

Paul Tudor Jones, a billionaire investor known for outperforming the markets in the 1970s and in the Great Recession, kicked it off prior to the halving this year. He revealed in a research note that he thinks Bitcoin will be the “fastest horse in the race” in a world where inflation is rampant.

This was corroborated by a number of other prominent Wall Street veterans, including those within and outside of the crypto space. This list includes Stanley Druckenmiller, Rick Rieder, Mike Novogratz, and Raoul Pal.

Though, thus far, altcoins have yet to gain traction amongst institutional players, aside from a role as a technology to use.

Top executives in the space expect this to change in the months ahead.

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