Sunday, April 18, 2021

Macro Investor Dan Tapiero Explains How Inflow of Institutional Investors Will Boost Ethereum (ETH)

Dan Tapiero, a prominent global macro investor, has recently explained how the inflow of institutional investors will positively impact the price of the second-largest cryptocurrency by market capitalization, Ethereum (ETH). He added that notable institutions are setting their sights on the digital asset.

Tapiero said this on an episode of The Breakdown with Nathaniel Whittemore. According to the macro investor, the amount of stimulus pumped into the money supply has brought a transformation to the financial landscape.

Read Also: Ethereum (ETH) Bullish Continuation Pattern Predicts a Price Breakout to Over $1,500

In the course of the conversation, Tapiero stated that Ethereum (ETH) is likely to receive more attention from institutional investors as the economic landscape continues to shift.

He also referenced the Northern Trust’s plan to custody digital currencies as an indication that institutional investors are already close to adopting Ethereum (ETH).

Dan Tapiero noted:

“I think investors need to really think in a different framework. I think the framework is still developing but almost anything that you used to think I think that you have to think has now changed.

Read Also: Ethereum (ETH) Joins the List of 100 Largest Assets in the World

Bottom line if you add up all of the fiscal and monetary stimulus that was done and try to put a value on it this year, you’re looking at an amount of over $30 trillion of stimulus was put into the world economy. That’s one and half the size of the US economy injected in the world so I don’t think we even understand yet what the ramifications are.”

“It is possible that some of these institutions start to look at Ethereum, and you have not heard anything about that, as an allocation as well. I don’t want to say it’s a prediction but if you asked me like, ‘What could be a surprising thing that could happen that people aren’t thinking about?’ That would be something that would be surprising.”

 “The fact that Northern Trust, which is a very staid, very traditional custodian, has come out and said that they’re going to custody cryptocurrency. Now, they have $13 trillion of assets in custody and $1.3 trillion in assets under management, and so what could happen? So they’re custodying Bitcoin and Ethereum, so I think that if we start to see that, you might really start to have another leg under Ethereum, and again Ethereum has outperformed Bitcoin this year and there’s a lot of rocket fuel there…

Read Also: Grayscale: Institutional Investors Are Increasingly Seeking Exposure to Ethereum (ETH)

Ethereum is not digital gold. It’s something completely different… If Northern Trust is going to custody Bitcoin and Ethereum, that means they have clients that want to buy both of them.”

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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