Blockchain technology has gathered enough attention that now it is accounted and noticed seriously by many people. It has earned sufficient significance to make its future a concern for numerous blockchain enthusiasts. Whenever blockchain’s future is discussed, mass adoption draws the focus and attentiveness. While exploring mass adoption, the factor highlighted often by experts is the impact and potential of institutional investors. To discover deep insights of the capabilities of institutional investors, BlockPublisher reached out to Gene Massey, CEO of MediaShares, a crowdfunding startup that deals in blockchain technology.
Upon enquiring about the beneficial aspects offered by institutional investors, Gene provided insights:
Institutional investors will bring more than massive investments. More than anything, they will legitimize the use of cryptocurrencies. When typical retail investors see Fidelity, Blackrock, and other large firms investing, they will feel comfortable in following them. Major brokerages will soon follow to capture their share of a new revenue source, and that will give validity and mass adoption by a much larger field of investors.
The exploration remains incomplete if companies falling on the criteria of institutional investors aren’t revealed. Besides stating a few names who qualify, Gene also elaborated the results those names can possibly lead to. He said:
Blackrock, Vanguard, State Street, and BNY Mellon are recognized as the largest institutional investors and if they adopt Blockchain and Cryptocurrencies, you will see massive new investments from retail.
Apart from institutional investors, use cases of blockchain are also detrimental to its future. Gene gave his perspective:
Blockchain can revolutionize healthcare, shipping, distribution, the auto industry and any industry where multi-point access to a database can be beneficial.
For blockchain to prevail in the future, mass adoption becomes a key element in order to yield tangible success. As Gene suggested, institutional investors will evoke plethora contributions and active participation for ensuring that not only blockchain but cryptocurrencies experience success as well.