Komodo CTO Exclusive: Large TradFi Players Will Be Entering Crypto This Year, DeFi Poised to Grow Once Again

cryptonews.com:

Kadan Stadelmann, CTO of open-source technology provider Komodo Platform, talked to Cryptonews about the current crypto investment sentiment, incoming “major” institutional investments, and the renewed rise of decentralized finance (DeFi).

The expert further shared interesting insights into major themes that will define 2024, non-fungible token (NFT) use cases leading to increased interest, the US SEC Chair’s disinterest in the crypto industry’s opinion, and more.

Read on to learn what he told us.

Investor sentiment in the cryptocurrency space is not easy to predict as it’s ever-changing. That said, Stadelmann shared that for most retail investors, enthusiasm is driven by the potential of crypto. At the same time, caution persists due to market volatility and regulatory uncertainties.

When it comes to institutional investors, he said,

“I think the approval of the first spot Bitcoin ETFs in the US has created a wave of optimism and signals growing confidence that crypto will only gain more momentum over the next few years.”

Stadelmann noted that the crypto market’s short-term trends remain tied to macroeconomic factors. These significantly influence investor sentiment.

Speaking of hard-to-predict areas: crypto market’s price trends and news events. However, Stadelmann said there are some possible themes to consider.

As said, the US Securities and Exchanges Commission (SEC) finally approved the first round of spot Bitcoin exchange-traded funds (ETFs) in January. Per the CTO,

“Although the initial hype around this news has since faded, major investments from institutions are only beginning.”

Therefore, throughout February and the rest of 2024, we’ll see more of these large players from TradFi start to enter the crypto space.

Therefor