Citigroup executive: Crypto assets have become a major asset class that cannot be ignored.
TL;DR
A Citigroup executive highlights that crypto assets, with a market cap of $3.5-4 trillion, are now a mature and unignorable asset class. He notes reduced risks for traditional institutions entering crypto and that small allocations can optimize portfolio risk-reward.
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Foresight News reported live that Mike Reed, Global Head of Future Finance at Citi Research, stated at Binance Blockchain Week that the risks for traditional institutions venturing into crypto are significantly decreasing. Crypto assets now boast a market capitalization of approximately $3.5 trillion to $4 trillion, surpassing markets such as US high-yield bonds, and have become a mature asset class that cannot be ignored. He pointed out that institutions only need a small allocation to significantly optimize the risk-reward structure of their investment portfolios.