Paris banker says crypto adoption rates will continue

Bitcoin_currenciesCryptocurrency investment was raising $1 billion a week last year thanks to venture capital funds – and adoption rates are likely to continue growing, a Parisian banker told an investment conference.

Ivan de Lastours, blockchain lead at Bpifrance, the French national investment bank, said capital and talent entering the crypto space would support continued crypto adoption.

He added that he and his team “definitely consider crypto an asset class”.

Lastours spoke at the Societe Generale Securities Services (SGSS) annual European Investor Summit held in Paris in June. A poll conducted at the conference found that 40% of attendees said they are or expect to be exposed to cryptocurrencies in the next two years.

However, more than 46% said they had no such plans.

Currently, there are $150 billion (€142 billion) of assets under management in 1,200 professional crypto funds, according to Lastours.

*Funds Europe, in association with SGSS, reported on the European Investor Summit. Read more on digital currencies, private markets and ESG in our report here.

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