{"id":159913,"date":"2021-01-21T21:30:00","date_gmt":"2021-01-21T18:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/blockfi-exec-explains-institutional-outlook-on-altcoins\/"},"modified":"2021-01-21T21:30:00","modified_gmt":"2021-01-21T18:30:00","slug":"blockfi-exec-explains-institutional-outlook-on-altcoins","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/blockfi-exec-explains-institutional-outlook-on-altcoins\/","title":{"rendered":"# Blockfi exec explains institutional outlook on altcoins"},"content":{"rendered":"

“# Blockfi exec explains institutional outlook on altcoins <\/strong>”
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Could institutional investors begin expanding into altcoin purchases? Blockfi\u2019s vice-president for Europe and Asia, David Olsson, mentioned liquidity as a component of consideration.<\/p>\n

Some digital assets on the market, including newer ones, may see high volumes at times. \u201cThe question is, how long can that be sustained,\u201d Olsson explained during a CfC Moritz conference segment<\/a> on Wednesday, adding:<\/p>\n

\u201cChainlink (LINK) is one that has held up decent volume over time, but a lot of them tend to, you know, be kind of the next greatest thing, and then fizzle out and volume disapp<\/a>ears,\u201d<\/p><\/blockquote>\n

Ethereum (ETH) sits right below Bitcoin with a market cap of roughly $152 billion. Tether (USDT) is in third at approximately $24 billion, and Polkadot (DOT) in fourth with about $15 billion. At 100th on the list, Lisk (LSK) holds a market cap of about $186 million. Thousands of other crypto assets have market caps which descend from there. <\/p>\n

Olsson said of prospective altcoins:<\/p>\n

\u201cSo I think that, from our trading desk perspective, we really want to see kind of one year trading history where the market cap is sort of nearish $1 billion and that it\u2019s at least trading sort of $100 million a day in volume and that the sources of liquidity are reliable in terms of the exchanges where they\u2019re trading.\u201d <\/p><\/blockquote>\n

The crypto industry still has its skeptics, however, including billionaire Mark Cuban, who recently compared crypto assets to the dot-com bubble of the late 90s and early 00s. <\/p>\n