Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Yat Siu: The cryptocurrency industry is entering the institutional era

Yat Siu: The cryptocurrency industry is entering the institutional era

Bitget2024/09/15 10:33
BTC+0.31%SOL+1.52%ETH+1.09%

According to reports, Yat Siu, co-founder and executive chairman of Animoca Brands, said in a recent interview that there are a series of tokens performing poorly, but some tokens are doing well, such as Bitcoin, Ethereum, Solana and TON. The key difference lies in institutional support. Projects with institutional support often perform more stably. Starting from the Bitcoin ETFs, the cryptocurrency industry is now entering an era of institutions. This means that if you want to stand out you need institutional support. Traditional stock markets are dominated by institutional investors while token markets are dominated by retail investors. In the market for institutional investors they will seriously study projects because strong purchasing power and long-term planning is needed.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
STBL updates roadmap, anchoring mechanism expected to launch by the end of November
2
Data: If ETH falls below $3,678, the total long liquidation volume on major CEXs will reach $1.695 billions.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$106,779.92
+0.11%
Ethereum
Ethereum
ETH
$3,871.93
+1.90%
Tether USDt
Tether USDt
USDT
$1
+0.04%
BNB
BNB
BNB
$1,090.44
+1.76%
XRP
XRP
XRP
$2.35
+2.61%
Solana
Solana
SOL
$184.59
+0.47%
USDC
USDC
USDC
$0.9999
-0.00%
TRON
TRON
TRX
$0.3139
+1.48%
Dogecoin
Dogecoin
DOGE
$0.1876
+1.62%
Cardano
Cardano
ADA
$0.6296
+0.61%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter