CoinShares executive: Bitcoin investment will grow steadily

An executive at digital asset manager CoinShares has claimed that it will take a year and a half to finally divert institutional investors into the Bitcoin (BTC) market, adding that a “steady increase in investment velocity is more likely than a rush into it” over the next 18 months.

Chief Revenue Officer Frank Spiteri wrote in an opinion piece for the CoinShares newsletter:

"It would probably take 18 months of gestation and a few brave investors to get in first to see a major shift in institutional investor sentiment."

Spiteri believes that "beyond individual investors, it is difficult to identify the most active investor groups in the crypto space."

He acknowledged that “we don’t really have a lot of hard data to look at” when it comes to determining who’s buying the most BTC. But he added: “In CoinShares participation, we’re seeing interest and active participation from every investor class, except pension funds and wealth funds.”

While many managers prefer safety, Spiteri also believes that "most people are just waiting for the right time to enter the market. Traditional multi-asset fund management companies have great interest in Bitcoin investment, but most large fund management companies do not want to be pioneers and prefer to choose a safe entry." (BitFan)