Philip Hammond He is perhaps known as one of England’s most influential figures.
Former UK Transport, Foreign, Finance and even Defense Secretary, Hammond is now actively involved in politics.
The main event that put Hammond on the agenda of crypto money investors is that he Bitcoin (BTC) and made statements about institutions.
Institutions Haven’t Invested In Bitcoin Yet
Expressing that people should be a little extra careful when investing in crypto money, Hammond made a statement that includes tips especially for institutional investors.
Hammond underlined that although institutions recognize this asset, they have not yet fully invested in Bitcoin. According to Hammond, what is seen is actually the tip of the iceberg right now.
Lord Hammond, a UK-based cryptocurrency storage company, was launched in October of this year. copperHe moved to as a consultant.
Copper, which is a part of the Bitcoin and crypto money world, still recommends not investing heavily.
Hammond stated that although many companies and institutions have entered the sector, they are currently investing only with very small denominators.
According to Hammond, institutional investment in the cryptocurrency sector is still at the very beginning and investors have not made large capital transfers here.
Stating that the momentum is unstoppable, however, Hammond emphasized that cryptocurrencies will continue to be popular quickly. Judging by Hammond’s statements, it seems that more institutions will enter the sector in the coming days.
While on duty, Hammond also mentioned the benefits of blockchain technology.