Sandro Pierri, CEO of French banking giant BNP Paribas Asset Management, stated that they are not considering investing in the crypto money sector.
According to a September 22 report by Financial News, under his management 530 billion found in dollars BNP Paribas reporting standards of companies and projects not found enough to invest in the cryptocurrency sector not thinking.
to the crypto market to his distant demeanor However, the institution has focused on blockchain technology. very interested. CEO Pierri, tokenization to improve liquidity believes.
On the other hand, the CEO noted that the previous rise was driven by corporate demands, but BNP Paribas clients are mostly corporations, but they are moving to the new asset class. very little demand stated.
Experts say that the status of a hedge against inflation on investors’ perceptions of the crypto money market, which has experienced high drops in the past two quarters, corrupted stated that it might. Stating that this situation will affect corporate demands, analysts said that although the demand for assets has decreased, the interest in technology has increased. is increasing day by day expressed.