Cryptocurrency market repeats the history of Wall Street. Bitcoin is still one of the most volatile assets in the world. The cryptocurrency market is becoming more mature and pivoting towards institutional players, which makes it similar to Wall Street in its early days, according to Nelson Minier, the head of the Kraken OTC trading division. “Wall Street ain’t what it used to be. The first 15 years I was on Wall Street, it was fun. I was very fortunate, I started in the CDS market which feels a lot like crypto. Here you have a lot of financial innovation, a lot of trading…It feels very much like that, there’s a lot of energy and enthusiasm about this progress and where it’s going,” he said on Nasdaq’s Trade Talks. However, at this stage the Wall Street in its current state is different from what it used to be, Nelson added. Meanwhile, the crypto industry has moved to a new stage of evolution as lots of portfolio managers have become interested in the new asset and join the game. He believes that institutional investors are attracted by diversification opportunities unlocked by Bitcoin (BTC) and the cryptocurrency market as a whole. Also, the potential return on BTC investment seems to be even higher now due to low rates and falling returns on traditional financial instruments. Nevertheless, the expert emphasized that Bitcoin is an extremely volatile and, therefore, risky asset: “I think it’s still one of the most volatile assets on the planet. We just dropped from $10,800 to $10,000 in a few blinks,” Minier added In June the head of the cryptocurrency exchange Kraken Jess Powell said that the digital gold would cost over $100,000. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Switzerland discussions fail to clear US skepticism on Facebook’s Libra FX Street 4 years Cryptocurrency market repeats the history of Wall Street. Bitcoin is still one of the most volatile assets in the world. The cryptocurrency market is becoming more mature and pivoting towards institutional players, which makes it similar to Wall Street in its early days, according to Nelson Minier, the head of the Kraken OTC trading division. "Wall Street ain't what it used to be. The first 15 years I was on Wall Street, it was fun. I was very fortunate, I started in the CDS market which feels a lot like crypto. Here you have a lot… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.