The post Why Strategic Money Will Enter Crypto Despite The Slowdown: Mysten Labs CEO appeared on BitcoinEthereumNews.com.

In a recent interview with The Block, Evan Cheng, CEO of Mysten Labs, shared his insights on the shifting dynamics of the crypto investment landscape. Cheng, who co-founded Mysten Labs, the creator of the innovative Layer 1 blockchain Sui, believes that the recent slowdown in crypto investments following the hype-driven bull run will soon give way to a more strategic and cautious approach. Cheng expressed optimism about the growing interest of traditional financial institutions in the crypto and blockchain space. He envisions a more mature and merit-based environment emerging as a result of this interest.  “Investors are looking. The BlackRocks of the world are obviously not dummies. They do recognize there is opportunity here,” Cheng stated. He revealed ongoing conversations with investors in the Gulf region, such as the UAE and Qatar, and noted a strong desire among them to position themselves strategically in the crypto market. Similar sentiments are echoing across the Asia-Pacific (APAC) region, where there is a surge of interest in crypto investments. Strategic Deployment Of Crypto Capital Cheng emphasized that while money is expected to flow back into the digital currency market, investors will approach it with a much higher degree of caution and strategy. The days of the frenzied bull run are giving way to a more measured and thoughtful investment landscape. With the crypto market maturing, investors are becoming discerning in their choices, focusing on projects and technologies that hold long-term promise. Mysten Labs is known for its groundbreaking Layer 1 blockchain, Sui, which leverages the Move programming language. This language was first developed at Meta, where Cheng had previously worked. Cheng’s extensive experience, which includes over a decade at Apple, has given him a unique perspective on the convergence of traditional finance and the crypto space. The Anticipation Of A BTC ETF Markus…

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Filed under: News - @ October 18, 2023 12:10 am