Bittrex CEO Predicted ‘Aggressive’ Institutional Adoption of Crypto

Bittrex just predicted an aggressive institutional adoption of digital assets. Check out the latest reports about this below.

Accoridng to the latest reports, the CEO of Bittrex Global, Oliver Linch, is predicting that the giants of traditional finance will aggressively adopt crypto to seize upon the opportunities the industry presents.

In a new interview with Scott Melker, the head of the leading crypto exchange says he is anticipating leading financial institutions like Goldman Sachs will soon take on a larger role in digital assets, according to the online pubcaliton the Daily Hodl.

Linch said that he believes that institutional adoption won’t harm crypto but instead increase the pace of innovation.

“They’re going to come and they can try and beat us and they’re going to be more innovative. They’re going to be more aggressive. They’re going to be pushing the boundaries much harder with their weight. That makes the industry better. That makes the opportunities for individuals better. And yes, it’s going to be painful along the way, because war is painful. But it’s not crypto versus Goldman Sachs, or crypto versus institutions. It’s a race to who can do crypto better.”

Linch also made sure to note the fact that many partnerships will form between traditional financial institutions and those in the crypto sector.

“Historically, those big players have been the biggest drivers of innovation. Are they kind of stuck in a bit of a rut at the moment? Are they a bit slow to adopt at the moment? Yeah, sure. But actually, the big change will happen when they stop fighting it and we stop fighting them. And we start talking about partnering and working together.”

Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the green, and the king coin is priced at $28,157.