"We have noticed participation in the [cryptosphere] segment not only of hedge funds, which have long come but also of other institutions such as #pension funds. The allocations they make are also growing rapidly."
The above statement is been said by Michael Sonnenshine, CEO of the financial giant #Grayscale, in an interview with #Bloomberg reporters, he noted that pension funds are already entering the crypto sphere through asset management structures.
One of the channels for their market penetration is Grayscale, the value of #cryptocurrency trusts of which is systematically updating the highs. Sonnenschein added that #BTC is a scarce asset. This factor will become defined in the coming years and will push the cryptocurrency to new heights.
So, if the big giants are betting their user's pension funds into crypto space, I don’t think the market is going anywhere.
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