Standard Chartered Analyst Geoff Kendrick recently shared his insights into the future of traditional finance and its intersection with the crypto sphere after the launch of spot Bitcoin Exchange-traded funds (ETFs) in the US.
Kendrick predicts traditional fund managers will turn to crypto investments due to their recent performance and the launch of new crypto-based products soon.
Retirement Fund Managers Ready To Flock To Bitcoin ETFs
In an interview for Yahoo Finance Future Focus, Geoff Kendrick, Head of Crypto Research at Standard Chartered, shares what he believes are the important takeaways of the current economic landscape for the United States.
According to the analyst, the US Federal Reserve hints at interest rate cuts coming later in 2024. This decision could potentially decrease volatility, positively affecting “long-duration assets like Bitcoin and Ethereum.”
Kendrick suggests that the “robust” confidence of investors in the two largest cryptocurrencies helped their
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