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Over the next decade, institutions will not enter the digital asset market because of the store of value thesis alone, or on the assumption that the Bitcoin price will only go up over the coming decade. A nuanced, high-touch approach will be needed to properly service institutional clients and capitalize on this transformational opportunity. We believe NYDIG is best positioned to deliver upon this vision — hence, our decision to lead NYDIG’s oversubscribed $50m growth equity round.
Based on the current and future macro picture outlined above, the case for a non-sovereign currency with hard money properties is building strong. Fiscal spending and global monetary quantitative easing have taken control of any currency that can be “eased,” i.e. the supply increased at will, most specifically the formerly almighty US dollar. Consequently, since the onset of the pandemic and the resulting stimulus package, we have seen an increase in the price and a race to assets that are governed by the laws of scarcity and limited supply — equities, gold, single family residential, and Bitcoin itself.
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