Institutional options selling, capital flowing into artificial intelligence, and stalled US crypto legislation are the three forces suppressing digital asset prices even as Wall Street deepen
Institutional options selling, capital flowing into artificial intelligence, and stalled US crypto legislation are the three forces suppressing digital asset prices even as Wall Street deepens its blockchain adoption, according to Maxime Seiler, chief executive of crypto options market maker STS Digital.
Seiler runs a Bermuda-regulated firm that provides round-the-clock liquidity and pricing to institutional clients trading digital asset derivatives, specialising in over-the-counter trading. He said Bitcoin has fallen more than 25% this year despite what he describes as record institutional adoption of blockchain technology, arguing markets have yet to price that adoption in.
