In a recent episode of “Power Lunch” and CNBC, the investor Lou Kerner explained that Bitcoin does not need institutions to be successful and achieve a higher level, citing the fact that most of the growth of assets has been based on the retail trade. Lou Kerner even went on to say that the institutions will be the followers in this market, not the pioneers. After the sudden changes of Bitcoin some of the major investors began to lose interest in encryption, many even dismissed forever. On the other hand, Lou Kerner, co-founder and partner of CryptoOracle has seen “the light of the cryptocurrencies”. However, he admitted to CNBC that the institutions eventually will make a real foray into this market, claiming they will be attracted by the cryptocurrencies, as apples are naturally attracted to the ground. “Bitcoin is not about institutions, in fact, is the antithesis of it,” said Kerner during the interview. Kerner believes that it is possible to change the investment world as we know it from the hand of the cryptography.
Contents
Kerner and CryptoOracle
CryptoOracle, launched in December 2017, aims to provide the community of encrypted decentralized to a center of collaboration, as well as a launch pad for growth. The venture capital firm first in the community has fostered some of the meetings of cryptography virtual and the physical largest in the world. While Kerner believes that the institutions are not essential to the future success of Bitcoin, it is important to note that the data suggest that this subset of investors, cryptographic was integral to the rise of prices of $ 3,500 to $ 14,000 noted at the beginning of this year. Crypto is not the first battle of Lou Kerner with disruptive technologies. In fact, their backgrounds reflect an ability of a lot of time to drive innovation forward. Kerner says that he was pleased with his first career as an equity analyst, but decided to take a risk when the opportunity to join the “incubator of original internet”, Idea Lab, came. Then went on to lead and invest in a number of companies during the early days of the Internet. A moment in which Kerner believes that draws a lot of comparisons with the encryption technology at this time. However, what do you guys think? In this matter no one has the absolute truth, that is to say, for a long time it has been observed how the market has reacted when a traditional institution decides to put in the crypto universe, but maybe it is not what you necessarily need to grow. The following two tabs change content below. Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and the development that they offer to humanity.