Mind Matters Natural and Artificial Intelligence News and Analysis

TagCarlos Bentancourt

bull-figurine-standing-on-bitcoins-concept-of-cryptocurrencies-stockpack-adobe-stock
Bull figurine standing on bitcoins, concept of cryptocurrencies

Seven in 10 Institutional Investors Expect To Buy Cryptos

Mainstreaming continues, despite the detractors, with major investment players signing on

Cryptocurrencies are now estimated to be worth roughly $2 trillion and — despite pressure from regulators — demand from investors continues: In July 2021, FTX—the Antigua-based cryptocurrency derivatives exchange which offers futures, leverage tokens and OTC trading—raised $900 million from over 60 investors. This included venture capital firms Paradigm and Sequoia, hedge funds and the private equity group Thoma Bravo. It was the largest private equity deal in the crypto industry’s history, valuing the business at $18 billion—one of the largest rounds of financing for a digital assets startup. In May 2021, Block.one —the Peter Thiel, Alan Howard and Louis Bacon backed blockchain software firm—pumped $9.7 billion into a new cryptocurrency exchange subsidiary called Bullish Global. Even excluding Block.one’s capital…