Home
News
- Eric Peters stated that the uncertainty associated with crypto assets is likely to fall
- He quoted the reason to be the rise in prices
- Eric concluded with the statement that the future of finance is virtual
The widespread volatility of cryptocurrencies is no fresh news. Eric Peters, chief executive officer and founder of One River Asset Management, recently made a statement in the same context. He argued that this uncertainty is likely to fall with time as prices for the digital assets soar higher, especially for Bitcoin.
Eric Peter’s interview with Bloomberg
Eric Peters recently gave an interview during Bloomberg’s The Year Ahead conference. He suggested that these assets represent all kinds of spontaneous dynamics. It will ensure lesser volatility when they reach higher peaks.
He addressed that when the prices surge, the company will pitch in new kinds of investors with firmer stands. However, he noted that some level of volatility will always sustain itself.
Eric explained how the institutional acquisition of crypto assets played a significant role in Bitcoin’s rally during the last year. He added that this adoption is proceeding with its expansion. He also suggested that almost every single and authentic institution in the U.S. is evaluating the same.
Cryptocurrency is allegedly the debut and the final asset category that will affect their lifetime.
The surge rally of the cryptocurrency
Eric Peters invested over $600 million worth of value in cryptocurrencies this past year. He also joined hands with the co-founder of Brevan Howard Asset Management, Alan Howard. The hedge funds have ownership of digital assets of significant value. He stated that the deal now excels $1 billion at One River Digital Asset Management.
Last year witnessed a significant surge in cryptocurrency prices while the interest rates hit rock bottom. This soar in prices and fall in the interest rate proved to be a considerable attraction for institutional investments. This shift was crucial as these investments were made in a space that was usually associated with the idea of anti-establishment.
Eric also commented that the pandemic had established an enlargement that exceeds what he could have possibly imagined. According to the team, they have been planning this late-cycle program that focused on fiscal policy development.
Eric concluded his interview with the declaration that the future of finance is virtual. He stated that it is an infrequent occurrence that you discover an asset that facilitates so much. He applauded the cryptocurrencies as to how these allow one to maximize on future upwards while alleviating downwards.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
