Crypto enthusiast names the prerequisites for the recovery of the digital asset industry

Skybridge Capital founder Anthony Scaramucci advises crypto investors to “watch the current environment” as well as “be patient and stay optimistic for the long term.” The expert voiced several optimistic factors at once that could affect the growth of the digital asset market.

Among the general prerequisites, Scaramucci named a decrease in inflation, the conclusion of business partnerships between industry participants and the growth of cryptocurrency rates. In addition, the hedge fund manager expressed his opinion about the positive impact on the situation at once of several recent news in the crypto space, which can cause “a lot more commercial activity.”

The entrepreneur pointed to the ongoing improvement of the Lightning Network, a payment protocol that runs on top of bitcoin, the collaboration between Coinbase and BlackRock and their planned creation of a BTC trust fund. These events, Scaramucci believes, are positive factors in the future.

Meanwhile, Coinfirm’s business development manager, Durgam Mushtaha, noted that anti-money laundering tools and Know Your Customer procedures prevent the illegal use of digital assets. And this attracted new crypto investors to the market.

“I see the next bull market becoming a tipping point where the masses will dive into cryptocurrencies as fears dissipate and the sector grows exponentially,” Mushtakha said.

Indeed, despite the position of the crypto industry in recent months, investors are ready to invest in it. These are, for example, pension funds from North America.

A representative of one of the funds in Virginia noted that the yield on investments in digital currencies is more attractive, as fewer investors are willing to invest in this area during the crypto winter. We are talking about a pension fund that helps police in Fairfax, which manages $ 6.6 billion. About 4.5% of its portfolio is crypto assets.