New Generation of Crypto Investors Takes Responsibility Back, Tech Investor Says

cryptonews.com:

Crypto has brought in a new generation of investors who identify at a personal level with what they invest in, and they’re not necessarily calling for the regulator as soon as they face problems, according to a European blockchain and technology investor.

“If you look at the history of financial products […] interestingly, the consumer called for the regulator, and the regulator replied, and that is how we arrived at the regulatory framework we have today,” said Christian Angermayer, founder of Apeiron Investment Group, during an online panel discussion hosted by the Financial Times on Wednesday.

Now, however, things are a bit different, according to Angermayer, a London-based investor who oversees around USD 3.5bn of assets under management.

“There is a new generation of investors, especially in crypto, who actually doesn’t want that sort of protection,” the investor said, adding that people in crypto are “way more independent” and that they “know the risks.”

He further explained that this more hesitant approach to regulations partly has to do with ideology and the libertarian ideas that were central to the creation of bitcoin (BTC), although the more important factor now, according to Angermayer, is a new mindset among younger investors.

“There is a generational shift, which I’m actually very happy about,” he said, explaining that younger people want to identify with whatever they invest in – “whatever is their thing.”

“Hopefully, the pendulum swings a little bit back after decades where the consumer – especially when things went wrong – pushed the responsibility to the regulator. There is a new generation that takes the responsibility back,” Angermayer said.

On the same note, Teana Baker-Taylor, Chief Policy Officer at the C