Garry Tan Claims Bear Market Is Ideal For Institutional Investors

Garry Tan, the co-founder of Initialized Capital, believes the bear market faced by cryptocurrencies this year is ideal for institutional investors. He is an early investor in crypto companies like Coinbase. Garry said institutional investors coming into cryptocurrencies is a big deal, as they bring in a significant amount of money. He added that bear markets make it less risky for institutions to enter at safe prices and not experience immediate drops. The volatility of crypto markets is at a low, while a bull run is expected towards the end of 2018. (VS)