According to Mike Novogratz, the Institutional Adoption of the Defi Systems is Going to Explode
Cryptocurrencies such as Bitcoin and Ethereum have been around for some time now and they not only have a gigantic market cap, but the adoption rate for both are pretty solid in terms of institutionalizing. Ethereum is more solid in aspects of its blockchain platform more in use by institutions and financial enterprises, while Bitcoin has the upper hand, being a solid and thriving crypto investment vehicle. Mike Novogratz has come forward with an interesting aspect: it is about time that the institutional adoption of the Defi (decentralized finance) will explode pretty quickly now.
The stance that Mike has taken while putting out this statement is not known, it is possible that he is already aware of the fact that financial institutions and major banks have already taken a shine to the cryptocurrencies such as Ethereum and Bitcoin, or the chances that might not have caught the wind. But according to him, the major financial institutions are soon going to adopt digital assets. Although various examples and business models have already accepted and adopted cryptocurrencies, countless others are afraid of doing so due to the cryptocurrencies’ volatility rate and speculative nature.
Regulatory Change is the Reason Standing between Wild Crypto Adoption and Investors
He doesn’t discard these issues as these are real and part of the crypto market of the present, but Mike is of the impression that if and when these regulatory standards are given the right attention and focus that these require and are being addressed, the big time investors would be attracted to cryptocurrencies like moths to the flames.
The lack of transparency is a driving reason that keeps the big-time investors at bay from crypto adoption; they don’t even have the first clue who they are in bed with while trading in crypto or adopting it into their business model. But that again is regulatory oversight and, once accounted for, would prove a solid step towards the adoption of cryptocurrencies among the world’s leading financial and business institutions.