Jez Mohideen: Investors will be able to buy key digital assets at an attractive price for long-term storage

The Japanese bank Nomura Holdings believes that the crypto winter is not an obstacle for institutional investors whose investments in digital currencies will be profitable within a few years. The bank recently launched a Laser Digital division for large clients who want to invest in cryptocurrencies.

Laser Digital CEO Jez Mohideen believes that thanks to the “shake-up” of the crypto market amid the collapse of FTX, investors can buy key digital assets at an attractive price for long-term storage. The expert noted that the fall in the rates of many cryptocurrencies during this year by more than 70% is not a problem, investors should keep in mind that they need to invest in digital assets for at least 5–10 years.

“Recent developments in the cryptocurrency market will attract institutional investors to digital asset management companies. We have done a lot of stress testing, and considering the worst-case scenario in terms of market size and volatility, we have concluded that Laser Digital can become profitable within two years,” Mohideen stated.

And investment bank Goldman Sachs intends to spend “tens of millions of dollars” to invest or buy crypto companies whose valuation has fallen amid the FTX bankruptcy.

“We’re really seeing some really exciting opportunities at a much more reasonable price,” said Matthew McDermott, head of digital assets.

Previously, Goldman Sachs invested in 11 crypto projects. About 70 employees work in the bank’s digital assets department.

“The FTX bankruptcy has definitely set the market back in terms of sentiment, there is absolutely no doubt about that. The company has been a model in many parts of the ecosystem. But, again, the underlying technology continues to work,” said McDermott.

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