Trillions and Trillions of Dollars to Pour into Bitcoin, Ether, XRP, Solana, Cardano, Shiba Inu: Kraken Co-CEO

Kraken co-CEO Arjun Sethi believes that we are still very early in the crypto adoption cycle, and trillions and trillions of dollars are going to pour into the cryptocurrency ecosystem in the near future. The crypto executive gave these comments during the ongoing Wyoming Blockchain Symposium in the USA.

Arjun Sethi is Betting Big on Crypto

According to Sethi:

“….., the way we think about it is very linear, and it is hard to think about what is exponential or non-linear. The way I like to think about it is that we are just in the really, really early innings of what is going to be trillions and trillions of dollars coming into the ecosystem, building against it, and the value is going to continue to grow….”

Sethi co-executed the Kraken cryptocurrency exchange during the first altcoin boom, and the platform has since become a popular choice among crypto traders. In addition to Kraken, he is the chairman of Tribe Capital and has invested in over 100 tech companies overall.

He was invited to speak at the Blockchain symposium in Jackson Hole, Wyoming, and the host discussed a wide range of topics with him. He is upbeat about the future of the cryptocurrency economy and the space it is creating for entrepreneurs.

What Sethi is referring to here is the fact that institutional investors are increasingly focusing their attention on the digital currency revolution. These big players, along with increasing interest in the retail investment scene, can pour trillions and trillions of dollars into crypto in the coming years, if not months.

According to Bill Miller IV, a renowned American institutional investor, a small fraction of the money held by retirement funds around the world can make a big difference. The portfolio manager at Miller Value Partners said during a recent CNBC interview:

“1% of the 60 trillion in global retirement funds could boost Bitcoin’s price by $30k.”

This scenario is within the realm of possibility as multiple top retirement funds have expressed a desire to invest in Bitcoin, and many have already done it, albeit at a smaller scale.

On the other side of the investment spectrum, big asset managers like BlackRock and VanEck are heavily invested in digital currency already. Together, these major capital players can drive the digital currency market to unprecedented heights.