Home Business News Lunar Strategy CEO says ‘institutional investors coming back’ to crypto

Lunar Strategy CEO says ‘institutional investors coming back’ to crypto

by LLB Finance Reporter
28th Nov 23 1:43 pm

In an exclusive interview with Finbold, Tim Haldorsson, CEO of Lunar Strategy, a crypto and Web3 marketing agency, shared his insights on the current state of the cryptocurrency market in relation to investor composition.

Haldorsson delved into the implications of the ongoing speculation surrounding a spot Bitcoin exchange-traded fund (ETF), noting that the interest is part of a renewed initiative by institutional investors.

The executive delved into the implication of the ongoing speculation around the Bitcoin ETF noting that the interest is part of renewed action by institutional investors.

Furthermore, Haldorsson highlighted that the ETF application could signify the value held in the crypto space. According to the executive:

“Right now we are seeing 10+ of the world’s largest funds applying for Bitcoin ETF, these funds are in the business of making money and they would not apply if they didn’t see a demand from investors but also an opportunity in the market. This is showing strong signs of institutional investors coming back and are looking for higher yields and looking to deploy some of their capital.”

He notably discussed the price projection of Bitcoin in light of the upcoming halving event, citing the importance of considering historical patterns. In his view, the anticipation that Bitcoin might rise post-halving is likely to trigger more investment in the assets, thereby driving up the price—a factor that could spur interest in altcoins.

During the interview, Haldorsson also commented on the evolving regulatory landscape, acknowledging that players operating outside the existing framework are being punished by agencies such as the United States Securities and Exchange Commission (SEC).

Finally, he called for the need to strike a balance between regulation and adoption, while noting that regions such as Africa and Asia are likely to witness the evolution of the crypto industry with minimal regulations.

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