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The Fintech Files: Institutional money will ‘drag us’ out of crypto winter, FCA goes on a hiring spree
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Highlights from London’s Digital Asset Summit on 17 October included David Mercer, the chief executive of LMAX, talking about the topic on everyone's minds: the length of the crypto winter.
Mercer said it will be institutions that spark a return to better times for crypto prices. “The weight of institutional money will drag us out of this downturn,” he said. "The value of the asset class is much higher than the last bear market. The ecosystem looks more solid and diverse, and it looks more institutional."
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