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Grayscale’s Zach Pandl is seeing more crypto interest from pension and endowment fund managers, who largely ignored the industry over the last decade.
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While the crypto industry scored “two big victories” with spot crypto exchange-traded funds and Republican Donald Trump’s US election win last year, 2025 would likely see a large number of “smaller victories,” according to a Grayscale executive.
“This year, I’m expecting dozens of smaller victories for the industry,” Grayscale managing director of research Zach Pandl said at a recent webinar, citing more institutional adoption, more comprehensive legislation from Congress and the potential for Bitcoin (BTC) to become a US reserve asset.
Pandl also said it isn’t “totally crazy” to think Bitcoin could reach $500,000 by 2030, when asked by Digital Assets Council of Financial Professionals founder Ric Edelman in a Jan. 15 interview.
Grayscale’s Zach Pandl (left) speaking with Ric Edelman on Jan. 15. Source: Digital Assets Council of Financial Professionals
More institutional adoption could come from pension and endowment funds, according to Pandl, who has been meeting with more crypto-curious fund managers who largely ignored the industry for a decade.
“It was easy [for them] to ignore it, dismiss it or set it aside over the last decade, but they’re all now recognizing they can’t do that anymore.”
Many pension and endowment funds have kickstarted the process to include crypto in their portfolios, and some of those approvals may only be six to 12 months away, Pandl explained.
Pandl said some portfolio managers are already allocating up to 5% in crypto even though they’re still “in the process of dipping their toe in.”
Related: Trump plans executive order making crypto a national priority: Report
Pandl also expects to see sovereign wealth funds from outside the US increase their exposure to crypto in the coming months.
Source: Zach Pandl
Pandl also talked about the immense potential for institutional adoption of Ethereum, calling it one of, if not the most, important open-source software projects of all time.
Decentralized finance, real-world assets and artificial intelligence tokens may also capture institutional attention on the private fund side, Pandl added.
Pandl’s optimism comes five days ahead of Trump’s inauguration. The incoming US president is expected to have the most pro-crypto administration to date.
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This article first appeared at Cointelegraph.com News
