Major UK Charity Fund Executive Believes Crypto Market Crash Is ‘Just a Bump in the Road’

A major United Kingdom charity fund executive said at the Bloomberg Crypto Summit in London this Friday that the recent crypto market crash is just a “bump in the road,” Bloomberg reports Dec. 7.

James Bevan, the chief investment manager at CCLA, told the audience during a panel that he doesn’t see the recent decrease in the value of cryptocurrencies “as an existential crisis”; rather, he noted that he believes this is just “a bump in the road.”

Bevan then also compared crypto to traditional finance, stating that “institutional investors have had plenty of bumps in the road in conventional currencies and transaction systems.”

Reference: https://cointelegraph.com/news/major-uk-charity-fund-executive-believes-crypto-market-crash-is-just-a-bump-in-the-road

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