Paul Brody, a prominent figure in the blockchain community and the Global Blockchain Leader at Ernst & Young (EY), recently shed light on the burgeoning demand for crypto, with Bitcoin taking the limelight. Earlier today, during a CNBC interview, Brody emphasized the heightened interest, particularly from family offices. Family Offices Lead The Charge According to Brody, family offices, which typically manage the vast wealth of affluent families, are increasingly diversifying their portfolios with cryptocurrencies. This is not entirely surprising, given the meteoric rise of Bitcoin and its potential as a hedge against inflation and economic uncertainty. Related Reading: Bitcoin’s Next Move: Is $30,000 Just Around The Corner? Glassnode Founder Predicts However, while family offices are diving headfirst into the crypto pool, institutional investors are more cautious. Brody mentions that these larger entities, controlling over 200 trillion dollars in assets, are awaiting regulatory clarity, such as the approval of a Bitcoin ETF by the US Securities and Exchange Commission, before committing significant resources. Bitcoin, despite comparisons, is distinctly different from traditional assets like gold. Brody highlights a un ..
Support the originator by clicking the read the rest link below.
