Institutions Likely to Invest More in Bitcoin and Crypto Companies in 2022: Genesis's Noelle Acheson

Noelle Acheson from Genesis expects financial institutions to accelerate their investments in both crypto assets and crypto companies next year. Read the full article by Yuri Molchan “Neither this post nor any other on cryptofal.com should be taken as financial advice. It is not.”

In 2021 we saw numerous institutions invest in cryptocurrency such as Grayscale, Microstrategy which continued to increase its position, and on an even bigger scale, the country of El Salvador made BTC legal tender. 2022 could be more of the same according to the head of market insights at Genesis trading, Noelle Acheson.

Genesis trading is a big name in the crypto space as they specialize in prime brokerage services the most important of which is institutional lending of cryptocurrency. They are a subsidiary of the Digital Currency Group which also owns Grayscale, Coindesk, and Luno. Companies such as crypto exchange, Gemini owned by the Winklevoss twins, leverage Genesis’s institutional lending to offer users of the exchange an opportunity to earn money on their crypto by lending it out.

Acheson mentioned that in 2021 about 40 companies had turned into unicorns in the crypto space the most notable of which would be Uniswap or NFT trading platform Opensea. Another interesting point she made was that in 2020 institutions were only interested in Bitcoin but this year they took a large interest in Ethereum, Solana, and even Terra Luna.

She also focused on the fact that Bitcoin miners were forced to move out of China and find new homes which led many to come to the United States. The advantage of this for miners is that they will have access to renewable energy sources and more financing from banks. The DCG (Digital Currency Group) also owns Foundry which has just become the largest mining pool globally and the US has also become the world’s largest country in terms of BTC hashrate with about 35% of the global total.

As more time goes by and people continue to learn they will see the advantages of owning tokens other than BTC for its store of value. You can use Ethereum to build almost anything if you have the money to do it. If ETH 2.0 is a success when it rolls out it is hard to see institutional investors not getting more involved in it and other ecosystems coins like Solana.