According to forecasts by the New York Digital Investments Group (NYDIG), the volume of cryptoassets of institutional investors managed by the company will grow to $ 25 billion by the end of 2021.
The company already has enough institutional purchase orders to surpass $ 25 billion by the end of 2021, according to NYDIG chairman of the board of directors Ross Stevens.
“I am confident that the volume of bitcoins under our management will exceed $ 25 billion by the end of this year. I just received the order book. I’m not guessing, I can see what’s going on, ”Stevens told MicroStrategy CEO Michael Saylor at World.Now.
NYDIG currently manages $ 6 billion worth of BTC for 280 institutional clients, with at least 96 more clients planning investments. According to Stevens, NYDIG can grow its client pool by at least 75 institutional investors per month.
“I had no idea that so many professional investors are entering this industry so aggressively,” Sailor said.
NYDIG spun off from $ 10 billion Stone Ridge Asset Management in 2017 with a mission to attract institutional investor interest in cryptocurrencies. In December, NYDIG raised $ 150 million to launch two cryptocurrency investment funds.
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