Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
To compliment (or maybe even cause) the positive price movements last week, a few indicators pointed towards institutions slowly getting more comfortable and involved with digital assets. It started the week before with the announcement that a large pension fund was dipping its toe in crypto waters with an initial $21mn foray. This week the trend continues with Michigan State University’s board considering upping its stake in Andreessen Horowitz’s a16z fund.
This week you can also add Pantera’s biggest round by far, and European banking facilities. While some will (rightly) argue it’s too soon to declare the institutions have arrived, they’re certainly knocking on the door.
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