According to the CEO of crypto exchange BitMEX, Alexander Hoeptner, there has been no decline in institutional interest in the digital asset sector.
According to him, large investors choose innovative industries during bear market. Periods of bullish growth force them to make hasty decisions, which is difficult for large companies.
Hoeptner has also highlighted institutional interest in Ethereum after its network transitioned to the proof-of-stake consensus algorithm as part of The Merge upgrade. Now the blockchain of the second-largest crypto by market cap is ESG-compliant.
He has predicted that the price of Ethereum will reach $3,000 by the end of the year.