Institutions Need To Start ‘Dancing’ With Bitcoin, Says Susquehanna Exec

Institutions Need To Start ‘Dancing’ With Bitcoin, Says Susquehanna Exec
ôîòî ïîêàçàíî ñ : bitcoinist.com

2018-8-2 20:00

Financial institutions are “looking on the dancefloor” with Bitcoin, “but nobody’s dancing” – that’s according to Susquehanna head of digital assets Bart Smith told mainstream media August 1.

‘$400 Million – It’s Not Nothing’

In an episode of the network’s Fast Money segment, Smith addressed industry sentiment and what needs to happen for institutional investors to pile into Bitcoin en masse, as well as the recent Winklevoss exchange-traded fund (ETF) rejection.

“…A big insurance company, Calpers or a state pension could put a little a little bit of money in there and I think that would be the sign that you know what, I’ve got to get in now,” he told presenters.

Smith noted that US Bitcoin trading volumes had returned to $400 million per day following a dip this year, with CME and CFE futures volumes also delivering $400 million daily results over the past week.

“$400 million – it’s not nothing,” he added.

Investor Adoption Is A Slow Process

Susquehanna had previously come out bullish on Bitcoin this year despite prices at the time trending downwards.

In June, the financial company announced the rollout of a Bitcoin trading scheme to 500 clients after interacting with the cryptocurrency privately for several years.

“We believe that this technology and this asset class is going to change some facet of financial services, and we think it is going to exist forever,” Smith said at the time.

Since then, markets have begun trending upwards, but the second rejection of the Winklevoss ETF by US regulators made some nervous. For Smith, however, being a Bitcoin bull means looking out for “smart regulation.”

He concluded:

Everyone wants it fast and now… but this is a long game, and I think that a lot of things are happening out there where people see the opportunity and we’re going to continue too see institutional adoption and the plumbing get built so that can happen.

What do you think about Bart Smith’s forecast for Bitcoin adoption? Let us know in the comments below!

Images courtesy of Shutterstock, Twitter

The post Institutions Need To Start ‘Dancing’ With Bitcoin, Says Susquehanna Exec appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 65194.83 (-0.34%)
Îáúåì 24H $30.235b
Èçìåíåèÿ 24h: -1.30 %, 7d: 3.78 %
Cåãîäíÿ L: $65194.83 - H: $65473.63
Êàïèòàëèçàöèÿ $1284.293b Rank 1
Öåíà â ÷àñ íîâîñòè $ 7556.7 (762.74%)

bitcoin susquehanna institutions dancing smith start exec

Èñòî÷íèê: bitcoinist.com

bitcoin susquehanna → Ðåçóëüòàòîâ: 18


Bitcoin [BTC] hailed as the ‘best’ cryptocurrency by Wall Street executive

In an interview with CNBC on 11th July, Bart Smith, the Head of Digital Assets for Susquehanna International Group expressed his opinion that ‘Bitcoin is the best bet for cryptocurrency investors.’ The Wall Street honcho called Bitcoin as the ‘currency of the internet’ while predicting the large-scale implementation of the cryptocurrency in various fields. Smith […]

2018-7-14 01:12


Wall Street Crypto Trader Extols Bitcoins As The Best Bet For Cryptocurrency Investors

Bart Smith is seemingly impressed with the upscale performance of bitcoin amongst other crypto assets. The head of digital assets at Susquehanna International group a crypto trading corporation during an interview on Tuesday with CNBC had very kind words to spare the leading digital asset, as he described the coin as an established digital asset […] The post Wall Street Crypto Trader Extols Bitcoins As The Best Bet For Cryptocurrency Investors appeared first on ZyCrypto.

2018-7-13 18:14


Ôîòî:

Bitcoin Remains the Best Cryptocurrency Investment, According to Wall Street Trader

Bitcoin has had a rough 2018. However, it is still hands down the best cryptocurrency investment — an opinion shared by one prominent Wall Street trader.   ‘The use case for bitcoin is valid today’ While the vast majority of the cryptocurrency market remains speculative at best, Bitcoin remains one of the only cryptocurrencies which people are actually using.

2018-7-11 19:00


Wall Street’s Crypto King Calls Bitcoin ‘Currency of the Internet’

Wall Street’s “Crypto King” sat down with the panel on CNBC’s Fast Money to discuss Bitcoin’s utility, calling the digital coin the “currency of the internet. ” Bitcoin is the Best Crypto Investment Bart Smith, head of digital asset trading at Susquehanna International Group, dubbed the “Crypto King” of Wall Street for his expertise on the space.

2018-7-11 13:00


Institutional Investors Move to Bitcoin ‘Inevitable,’ Says Wall Street’s ‘Crypto King’

‘Wall Street’s Crypto King’ Bart Smith is expecting institutional investors to move into the cryptocurrency market once regulations are clarified. Institutions Need Regulatory Certainty Smith runs the investment firm Susquehanna International Group which started investing in Bitcoin in 2014 and expanded in 2017 during the crypto boom.

2018-6-12 02:00


Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Bitcoin Price Hits New All-Time High in 2019 Jumping Above $11,350

Coinspeaker Bitcoin Price Hits New All-Time High in 2019 Jumping Above $11,350Bitcoin price just crossed the $11,350 mark and dives into a new all-time-high in 2019. That way, Bitcoin still is the best performing asset in 2019 with +170% increase this year and +250% since it bottomed out.