Cryptocurrency is Here to Stay: IMC CEO

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


The President and CEO of Columbia Investment Management Company (IMC), Kim Lew, notes that the cryptocurrency industry is more than what most people think of it and that the industry is “clearly here to stay.”

The investment executive shed some light on her views on the investment potential of cryptocurrency in an interview with Bloomberg Wealth, noting that the industry has several possible directions it could head towards. Lew stated that:

“There are many different avenues that it can go. There are stablecoins, there is NFT’s… there’s just the blockchain, the different layers– people are using it for so many different things.”

She noted that despite its wealth of possibilities, the definitive niche the cryptocurrency industry would fulfill in the future remains a mystery. The IMC boss added that:

“I think, clearly it’s here to stay, I think clearly, it’s gonna play some role…not clear what role it will play. For us, it’s important to dabble a little, just to make sure that we follow, make sure that we have relationships with people who are going to develop expertise, and we can leverage [that] expertise to decide which way to go.”

Despite her optimistic view of the industry, Lew noted that IMC does not hold any cryptos for now, as it is, trying to avoid market volatility. Lew explained that:

“You know there’s a lot of volatility, there’s a lot of risks, which is not something that we’re necessarily getting paid for right now… but for sure we have the ability– because we are long-term investors– to explore new roads. And so cryptocurrency is one of them.”

Institutional Academic Sector Picking Interest in Cryptocurrency

IMC is a subsidiary of Columbia University tasked with the responsibility of managing the educational institution’s assets. That said, Lew’s assertions indicate a growing investment interest in cryptocurrency from the institutional academic industry.

Lew noted that she is open to allotting some funds into the crypto space as it carves a more defined position in society.

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *