Abra CEO= Bill Barhydt believes that another rally is just around the corner.
Barhydt, who once designed trading systems for Goldman Sachs, told Business Insider that hedge funds and other institutions are beginning to see cryptoassets as a “huge opportunity” and that “all hell will break loose” once they begin investing in the nascent markets.
“I talk to hedge funds, high net worth individuals, even commodity speculators. They look at the volatility in the crypto markets and they see it as a huge opportunity. Once that happens, all hell will break loose,” he said. “Once the floodgates are opened, they’re opened.”
“We’re getting closer and closer to real clarity in the West that it’s OK putting half a percent of your assets into crypto,” he added.