TBW #49: Don't miss the train
Read all about The Big Whale's 49th Premium newsletter.
To devour this week
🖊️ Editor's editorial
🗣 Our exclusive news
🔶 What's DeFi really for?
⚔️ The ERC-4337
Don't miss the train 😎
"For the past few weeks, we've been seeing things accelerate on cryptos. Demand from institutional investors is on the rise."
This sentence comes neither from a Web3 fund, nor from the boss of a crypto company, but from the CEO of Euronext, which is none other than the main financial centre in Europe (Paris, Dublin, Lisbon stock exchanges, etc.).
Stéphane Boujnah uttered it on Tuesday at Euronext's annual conference in Paris, where the cream of European finance was gathered. 🇪🇺
Contrary to what many people think, the subject of cryptos is far from being neglected by banks, funds, family offices and even insurers.
The scandals of 2022 and the fall of FTX have obviously tarnished the sector's image, but a growing number of financial players are interested in it because they have realised that it is a structuring subject.
They are even more interested in 2023 because the markets have fallen sharply and there are opportunities. Bitcoin and other crypto-assets have lost more than 60% of their value in the last twelve months 😏
Should we rush into it? Of course not. But the fact that the head of Euronext is raising the subject (there was also a dedicated round table) shows that things are moving. And very quickly.
The most important thing, for individuals and businesses, is to be ready when everything accelerates.