deenfr

11 April 2019

Crypto Fund AG: Institutions contact crypto fund after ‘instant’ switch

Yara Ainsworth

Yara Ainsworth

Head of Marketing and Communications at Crypto Finance AG

About the author

Source: Micky.com.au article, Author: Tabassum Naiz

The boss of a major crypto investment fund says wealth managers have sprung into action after the recent Bitcoin price spike.

Jan Brzezek, who is the CEO and founder of Crypto Finance, says most institutional investors missed the last bull run and had been waiting for the next move.

“2017 was a massive hype and it caught everyone’s attention,” Mr Brzezek told Micky.

“Some of the big investors missed it and they’re very happy that they missed it.

“(Then) it was very quiet during 2018 and only a few were brave enough to move into the space and allocate something (to crypto).

“I would say that has changed.”

Investors turn to crypto funds

Mr Brzezek says wealth managers and family offices started contacting his company following the major Bitcoin rally in early April.

“After the spike last week, instantly our phone started ringing again,” Mr Brzezek

“That bear market is over. It has stabilised on a good level (and) we’re still 300 per cent up from two years ago, which is amazing.”

Mr Brzezek says big investors are now asking his fund to again explain what crypto is.

“The interest is back … It’s in everyone’s mind,” he said.

Read the full article here.

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