Ric Edelman: CLARITY Act Could Unlock 95% of Institutional Capital for Crypto Investment
By
Kritika Mehta
Summary
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, argues that the CLARITY Act could unlock institutional investment in cryptocurrency by providing regulatory clarity. He estimates that 95% of institutional capital currently outside crypto could begin investing in Bitcoin and digital assets if the bill passes. Despite current market uncertainty and regulatory challenges, Edelman notes that institutional interest remains strong, as evidenced by price differentials between cryptocurrencies and broader industry trends.
Source
Twitter / XRic Edelman: CLARITY Act Could Unlock 95% of Institutional Capital for Crypto Investmentcoingape.comKey quotes
· 3 pulledRic Edelman believes the CLARITY Act may pave the way for institutional capital to invest in the crypto market.
He expects 95% of instructions outside crypto could start investing in Bitcoin and digital assets if the U.S. crypto bill is approved.
In spite of the lackluster market sentiment and continued regulatory uncertainty, institutional interest in digital assets is still present, according to Edelman.
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