Cryptocurrencies 17,732
Market Cap $2.33T
BTC Dominance 56.80 %

Cryptocurrencies : 17,732

Total Market Cap : $2.33T

BTC Dominance : 56.80 %

LIVE
Mkt Cap $2.33T BTC Dom 56.80 % BTC BTC $65,986.00 ▼ -0.24% ETH ETH $1,919.50 ▼ -0.63% USDT USDT $0.999279 ▲ +0.01% BNB BNB $569.36 ▼ -1.17% USDC USDC $0.999933 ▼ 0.00% XRP XRP $1.13 ▼ 0.00% SOL SOL $77.19 ▼ -1.60% TRX TRX $0.328976 ▲ +0.85% FIGR_HELOC FIGR_HELOC $1.01 ▲ +0.48% HYPE HYPE $58.63 ▼ -6.68% DOGE DOGE $0.072379 ▼ -1.33% RAIN RAIN $0.014892 ▲ +6.10% USDS USDS $0.999846 ▲ +0.00% LEO LEO $9.73 ▲ +0.02% ZEC ZEC $515.80 ▼ -5.83% WBT WBT $57.50 ▼ -0.37% XMR XMR $350.47 ▲ +1.61% XLM XLM $0.189207 ▼ -1.27% LINK LINK $8.61 ▼ -1.37% ADA ADA $0.1716 ▼ -2.27% CC CC $0.125003 ▲ +0.75% DAI DAI $0.9997 ▼ 0.00% BCH BCH $221.32 ▼ -1.11% USD1 USD1 $0.999039 ▲ +0.03% GRAM GRAM $1.52 ▲ +4.50% Mkt Cap $2.33T BTC Dom 56.80 % BTC BTC $65,986.00 ▼ -0.24% ETH ETH $1,919.50 ▼ -0.63% USDT USDT $0.999279 ▲ +0.01% BNB BNB $569.36 ▼ -1.17% USDC USDC $0.999933 ▼ 0.00% XRP XRP $1.13 ▼ 0.00% SOL SOL $77.19 ▼ -1.60% TRX TRX $0.328976 ▲ +0.85% FIGR_HELOC FIGR_HELOC $1.01 ▲ +0.48% HYPE HYPE $58.63 ▼ -6.68% DOGE DOGE $0.072379 ▼ -1.33% RAIN RAIN $0.014892 ▲ +6.10% USDS USDS $0.999846 ▲ +0.00% LEO LEO $9.73 ▲ +0.02% ZEC ZEC $515.80 ▼ -5.83% WBT WBT $57.50 ▼ -0.37% XMR XMR $350.47 ▲ +1.61% XLM XLM $0.189207 ▼ -1.27% LINK LINK $8.61 ▼ -1.37% ADA ADA $0.1716 ▼ -2.27% CC CC $0.125003 ▲ +0.75% DAI DAI $0.9997 ▼ 0.00% BCH BCH $221.32 ▼ -1.11% USD1 USD1 $0.999039 ▲ +0.03% GRAM GRAM $1.52 ▲ +4.50%
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Crypto Is Here To Stay Believes CEO Of Columbia’s Investment Arm

Kim Lew, the president and CEO of Columbia University Investment Arm, said cryptocurrencies are here to stay, as they will "have profound effects" on finance.

Recently, during an interview with Bloomberg wealth, Columbia Investment Management Company’s (IMC) president, Kim Lew, said that she sees crypto as more than just a fad, saying that the industry is “clearly here to stay.” Furthermore, she said that the investment potential of cryptocurrency has many possible directions in which the flourishing industry might be headed.

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

The CEO believes that apart from numerous possibilities, the specific niche Which the crypto space will fulfill remains a mystery. “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,” the CEO emphasized.

Lew plays things cautiously with her investments at IMC for now, staying away from the “volatile” crypto market. 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.

Besides, IMC is described as “a wholly-owned subsidiary of Columbia University,” tasked with handling the University’s managed assets. Hence, Lew’s words indicate a form of investment interest from the institutional academic world- not just a business world.

Despite several risks, investors like Elon Musk And Michael Saylor are willing to stuff their portfolios with Bitcoin. However, investors like Kim Lew and IMC will be glad to diversify into crypto as the industry waits for a clearer role in society.

Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.

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