PwC notes the growing interest in digital assets, and experts speak about the impact of the London hard fork on the value of ETH

PwC notes growing investor interest in digital currencies

Large investors, including pension funds, are increasingly interested in cryptocurrencies and the possibility of investing in blockchain startups. They are not confused by the high volatility of digital assets and the difficulties associated with predicting risks.

Anri Arslanyan, a leading digital currency specialist at PwC, noted that there is even some competition between venture capitalists. Quite often, “whales” outbid promising projects “in the bud” and oust small players from the crypto market.

“Let’s say they are looking at a deal and think the startup is worth $10 million, but they see a big venture investor come in and offer a higher valuation. And this is not an isolated case,” Arslanyan said.

According to CB Insights, in the first quarter, about 130 startups raised about $2.6 billion, which is more than in the entire last year. Then startups received about 2.3 billion.

Experts spoke about the impact of the London hard fork on the value of ETH

Tomorrow, August 4th, the London hard fork on the Ethereum network is due. Experts have commented on its significance for the crypto industry and whether the upgrade could affect the value of ETH.

“With a high load of the network, commissions will decrease, with a low one — they will grow. In this case, miners are interested in continuing to work, and users in conditions of the usual high network load will pay less for transactions, ” said Denis Voskvitsov, head of Exantech.

According to the head of the data analysis department of CEX.IO Broker, Yuri Mazur, if the hard fork is successful, the profitability and popularity of the blockchain, the second-largest crypto coin by capitalization, will increase.

“This will potentially increase the range of profitability of decentralized liquidity protocols, including in arbitrage trading and the use of flash loans, as transactions on the Ethereum blockchain will be cheaper. It can also stimulate the development of the DeFi sector through the emergence of new liquidity protocols on the Ethereum blockchain and the growth of liquidity in smart contracts,” he explained.