iHodl.com
Main page News, Blockchain, Crypto Market, Institutional Investors

KPMG, a global accounting giant, forecasts the cryptocurrency and blockchain markets to continue their explosive growth. In a recent report, the firm said the cryptocurrency market is likely to see a "more diverse range of investors" considering investments in the space.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The firm found that during the first half of 2021 a "significant amount" of institutional money flowed into the space.

"Investor awareness and knowledge of the sector is growing, with investors now having a much better understanding not only about cryptoassets, but also the operational and procedural side of crypto," the analysts say.

Laszlo Peter, Head of Blockchain Services at KPMG Australia, admits China could create a "real alternative to the supremacy of the US dollar over time." Despite the fact that the whole digital currency race is relatively small scale now it has a lot of potential, Peter added.

FTX Raises $900M in Series B Round from 60 Investors

At the same time, analytical company CB Insights estimates that blockchain startups raised over $4.3 billion in funding in Q2, which is 30% more than in Q1. The amount of funding in Q2 quarter turned out to be an all-time record and Circle — the issuer of the USDC stablecoin — gained the most by raising $440 million.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.