Giant Company CEO Gives Interview About Cryptocurrencies! Here are Highlights from His Speech

Gavin Michael, CEO of digital asset management firm Bakkt, during an interview with Yahoo Finance, cryptocurrency argued that the market is permanent.

The manager noted that there is still significant interest from individual and institutional investors, adding that most organizations now know how the industry works, especially the volatility aspect.

According to Michael, after the recent dips, interest in the market is due to the possibility of a rally starting in 2023.

“There Is Strong Interest From Our Multinational Partners”

Michael expressed his thoughts in an interview as follows:

“Cryptocurrencies will not disappear from the market, there is still strong interest and momentum among our partners, many of whom are multinationals, so they have been watching this space for a long time.

They understand the highs and lows we’re seeing, and we’re also seeing that consumers’ interest in crypto remains solid.

We expect to activate our crypto services in the second half of the year and we will see a significant increase by 2023.”

Notably, Bakkt, which operates a crypto trading platform for institutional investors, continues to expand its ventures in the digital assets space. Recently, the platform announced a partnership with Visa to offer crypto debit and credit cards.

Additionally, the ICE-founded platform has an existing partnership with Mastercard that allows companies to offer cryptocurrencies as part of their loyalty rewards program.

*Not investment advice.