The cryptocurrency market is gradually on its way to mass adoption with many proponents, experts and institutions are also contributing to this end. As per recently published news, the latest player to this bandwagon is Morgan Creek Digital Capital who has collaborated with Ikigai Asset Management.
The official release stated,
“Morgan Creek Digital announced today that it will be the lead anchor investor in Ikigai Asset Management’s flagship fund focused on executing systematic and fundamental liquid hedge fund strategies as well as opportunistic venture-stage crypto asset investments. Ikigai is a crypto asset management firm launched in December 2018 by former Point72 Portfolio Manager Travis Kling and partners Timothy Lewis, and Anthony Emtman.”
Morgan Creek Digital partner, Anthony Pompliano, who is a very vocal supporter of Bitcoin, and has held a bullish viewpoint about the world’s largest cryptocurrency when asked about the collaboration, talked about the company ’s positive developments. He also claimed that they were in a position, positive enough to capture the outstanding returns brought by cryptocurrencies in the coming future.
Travis Kling, the Chief Investment Officer of Ikigai said,
“DLT and crypto assets are fundamentally changing our world. We are honored to receive this investment from Morgan Creek Digital and look forward to working closely together with Mark, Jason, and Pomp in this exciting arena.”
Pompliano recently had a meeting with Galaxy Digital’s Mike Novogratz to discuss elements like liquidity, trust and custody that need to be given a boost. Novogratz has made his opinion about cryptocurrencies public and has said that the cryptocurrency market was presently a booming place of business, especially with the entry of companies like JP Morgan, Telegram and Facebook. He further claimed that it was a big opportunity to invest, with Wall Street sentiments changing. The Galaxy Digital CEO added,
“Wall street earlier thought that you shouldn’t take risks on something small like cryptocurrencies. They are getting close though, not doing anything but are getting really ready. We are anyway working hard on the security token business and I promise you this, the upcoming tokens and ICOs will be a lot bigger but less sexy.”