Ethereum Institutional Interest will Increase, says BitMEX CEO
According to BitMEX CEO, Alexander Höptner, institutional investors are still bullish on crypto and Ethereum. Höptner spoke at the Token2049 conference in Singapore and highlighted that the institutional push into crypto has not slowed down during this bear market. Hö ptner added that institutions will be purchasing and storing cryptocurrency assets since adoption for the banking business has a long horizon. However, the retail sector is now the contrary. Moreover, the BitMEX CEO thinks that institutions will begin piling up on Ethereum (ETH) ever since the project transitioned to a PoS (Proof-of-Stake) model. Now, ETH uses nearly 99% less energy than before. Being environmentally friendly and aligning with ESG (Environmental, Social, and Governance) concerns, makes the asset very attractive. Höptner called Ethereum the “ideal protocol to build stuff on.” However, the ESG alignment is of the most importance, the CEO says, as it can check the boxes that were previously unchecked.