Bkcoin Capital

“WE ARE LIKELY TO SEE THE CONTINUATION OF INSTITUTIONAL ADOPTION IN DIGITAL ASSETS.”

KEVIN KANG

FOUNDING PRINCIPALS, BKCOIN CAPITAL

We are likely to see the continuation of institutional adoption in digital assets. Some of the inbound calls we’ve been getting over the last three months have been very exciting in terms of the profiles of the allocators that we’re talking to.

In the past, there were a lot of family office adoptions, and now we’re talking to endowments, foundations, and even insurance companies. The profiles of allocators coming into this space is a lot more traditional now – we’re seeing the continuation of this institutional adoption.

Another big theme next year will be consolidation – a lot of M&As, I expect, and we’re seeing crypto becoming a lot more mainstream.

CARLOS BETANCOURT

FOUNDING PRINCIPALS, BKCOIN CAPITAL

It’s our expectation to start seeing some of the bigger crypto exchanges consolidate. And then, for those names that haven’t had a presence in the US, we expect them to make a push in 2022.

Looking forward, from our standpoint as a hedge fund, the conversations have changed, and the calibre of people that we’re talking to has drastically. If you look at the overall crypto market, we expect to see a huge push on the metaverse, and to see a continuous push on NFTs, not just on digital art, but also things like music and collectibles. We think all these areas are slowly starting to be developed by up-and-coming companies across the board.

A ton of money will be continuously poured into NFTs and the metaverse, and you’re seeing it from some of the biggest names in the world. Facebook announcing the name change, Square has announced their name change, and their play is metaverse. You even have beer giants like Budweiser tapping into the space, and we will continue to see this trend through 2022.