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Sam Bankman-Fried says crypto has a chance of a tidal wave of institutions jumping in this year, if they get clear regulations
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FTX; Marianne Ayala/Insider
Cryptocurrencies can expect to see more institutional adoption in 2022 — but whether it's a tidal wave or a trickle will depend on what happens on the regulatory front, according to FTX boss Sam Bankman-Fried.
The crypto exchange CEO predicted that regulatory clarity will open the door for some large investment banks and pension funds to enter the industry this year. But he said developments in digital asset regulation will dictate the pace of adoption by financial institutions.
«Especially if we feel like they're getting clarity, that could come in a tidal wave, it could come in a trickle,» he said in an interview released Monday.
Still, he doesn't expect a rapid inflow within the next six months at least as it
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