Tim Grant, Galaxy Digital’s head of Europe, said today that crypto is becoming more trusted and “a bit less bananas.”
“This is the end of the beginning, now we’re in the next phase where it’s a bit more institutional, a bit more buttoned-up, it’s a bit more trusted and a bit less bananas,” Grant said at the Token2049 conference in London today.
Marcus Hughes, head of Europe at Coinbase, agreed with Grant’s assessment, saying the narrative surrounding the crypto industry has shifted.
“NFTs and various other things have captured mainstream consciousness,” he said, adding that while in the past buying Bitcoin for investment purposes was all the average person knew about crypto, now, there is a “whole range of products and services powered by crypto.”
Europe’s burgeoning crypto scene
The apparent maturation of the crypto industry—according to Hughes and Grant—has been particularly evident in Europe.
Charlie Morris, chief investment officer of ByteTree
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