Cryptocurrencies Are Here To Stay, Says Columbia University’s Investment Arm CEO


Columbia Funding Administration Firm’s (IMC) co. president and CEO Kim Lew sees crypto as greater than only a fad, saying that the trade is “clearly right here to remain.”

What Position Will Crypto Play?

In an interview with Bloomberg Wealth, Lew gives her tackle the funding potential of cryptocurrency and the numerous doable instructions during which the flourishing trade could also be headed.

“There are various totally different avenues that it will possibly go. There are stablecoins, there’s NFT’s… there’s simply the blockchain, the totally different layers– persons are utilizing it for thus many various issues.”

Regardless of its many prospects, the particular area of interest the crypto area will finally fulfill continues to be a thriller.

“I believe clearly it’s right here to remain, I believe clearly it’s gonna play some function…not clear what function it would play. For us, it’s vital to dabble somewhat, simply to guarantee that we comply with, guarantee that we’ve got relationships with people who find themselves going to develop experience, and we will leverage these experience to determine which technique to go.”

That mentioned, Lew is enjoying issues secure along with her investments at IMC for now, staying away from the “unstable” crypto market.

You realize there’s a number of volatility, there’s a number of dangers, which isn’t one thing that we’re essentially getting paid for proper now… however for certain we’ve got the flexibility– as a result of we’re long-term buyers– to discover new roads. And so cryptocurrency is one among them.

Institutional Funding in Crypto

IMC is described as “a wholly-owned subsidiary of Columbia College,” tasked with dealing with the College’s managed belongings. Subsequently, Lew’s phrases sign a type of funding curiosity from the institutional educational world – not simply the enterprise world.

Whereas Elon Musk and Michael Saylor are prepared to stuff their portfolios with Bitcoin from early on, regardless of the dangers, extra conservative buyers like Kim Lew and IMC could also be prepared to diversify into crypto because the trade carves a clearer function into society.

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