CIO of crypto asset fund manager Apollo Capital, Henrik Andersson, said in an interview that he believes institutional investors will be the “game changer” in the cryptocurrency market.
Andersson argues that conservative crypto-stances may soon change for institutions. He also states that while global interest has been relatively unenthused, there are a number of players who continue to observe the market before investing.
Apollo Capital Frontier Fund, a $50 million venture, is one of the earliest institutional investors in digital assets. it gives aid to investors to easily access future crypto opportunities.
According to Andersson, a change in the investment behavior of institutions would have a profound impact on the digital currency market, which currently has a value of about $300 billion.
Investors expected to change institutional sentiment
When large investors begin to put more money into the crypto market, that’s when institutional sentiment will change, says Andersson.
Andersson’s claim is based on his experience in the traditional financial world. He says
“No one wants to be the first into anything like this. There’s a career risk if you’re the initial one, and that will flip in time to become the opposite. He added
But as more institutions begin to invest in crypto, the perception of risk will change. And when that happens, the floodgates will open and there will be a lot more institutional money flowing into the market.
Andersson also said that he expects big changes in the crypto market in the next 12 to 18 months, as more institutional investors enter the space.
If his predictions are correct, the influx of institutional money could have a major impact on the price of Bitcoin and other digital currencies. He said several banks in Australia have an interest in digital asset trading and custody services.