- Matteo Perruccio is a heavyweight in the investment industry with over 30 years of experience in traditional finance.
- He is currently the International President of Wave Financial, Ultrarich’s $ 1 billion crypto asset manager.
- He shares a bullish outlook for 2022. This includes two controversial protocols that could rise significantly next year.
Over the past year, high net worth crypto asset manager Wave Financial has doubled its assets under management to more than $ 1 billion.
Part of this growth comes from a deep infiltration into the international market, led by Matteo Peruccio, the company’s international president.
Prior to the leap to encryption, Perruccio’s career in traditional finance served as a key client in Jupiter Asset Management and a global head of strategic relationships, as well as Chief Executive Officer of Olympia Capital Management, a hedge fund fund. It has been 30 years including.
The light bulb went out when Perruccio compared cryptocurrency innovation to both the rise of the derivatives market and alternatives within hedge funds.
“I remember the first conversation I had with people about hedge funds, you know, they were,” this is impossible to make an absolute profit, they are all scams I’m a teacher, “Perruccio said. “Every time I talk to my colleagues about crypto and digital assets, there is a scam in a very similar story, and of course in any innovation.”
When Perruccio saw it more holistic, he could see opportunities in the market and tried to move into that space. Wave Financial checked all the boxes as the first regulated crypto asset manager in the United States. This seemed like a good midpoint in his traditional financial background.
“For me, it was a perfect partner … so I joined as President of International to drive growth outside the United States and help build a business,” he said.
Perruccio hopes that the next wave of cryptocurrency adoption will come to investors looking for a professional wealth manager, especially in international markets like Switzerland.
Investors used to come to Wave Financial to gain wise exposure to cryptocurrencies, but now demands are becoming more specialized in the various pockets of the crypto market.
“People are saying,’How do you get risk-managed and thoughtful exposure to the evolution and revolution of DeFi?'” He said. “And it’s not easy … the actual investment process, where to hold it, and all of it, and the risks of counterparties are also very complex.”
The growing interest in the company’s NFTs and active VC funds shows that, he said.
Perruccio hopes that this next wave of institutional adoption will significantly boost cryptocurrencies in 2022 against the difficult backdrop of equities and bonds.
“I’m personally pretty bearish on stocks until 2022 … and that’s the question of where to invest your money,” Perruccio said. “Where would you put your money if you could get a negative real return on a bond?”
Perruccio predicts that 2022 will be the year in which the Bitcoin exchanges traded may hit the market in the United States. He also expects more players to follow Citi’s recent announcement of the Digital Assets Division for Institutional Investors.
“Things are starting to move, and in 2022, hopefully I think it’s right. It’s going to be the year we see it happen,” he said. “We will get the approval of banks holding cryptocurrencies in many markets. I saw India announce regulations … so I think a lot can happen.”
However, while the 2022 trajectory looks solid, Perruccio is taking a cautious approach to the market outlook.
“First of all, I don’t trade cryptocurrencies, and I can make a lot of money by trading cryptocurrencies, but I buy because I believe in the medium- to long-term outlook. “Masu,” said Perruccio. “That’s why I’m HOD Ler.”
Some industry signals suggest that Bitcoin could occur towards the end of the year, but most industry experts believe it won’t reach $ 100,000 by the end of the year. I am.
“The expectation that Brulan will start may be between $ 70,000 and $ 80,000 by the end of the year, but I think we’ll be in a positive moment,” Peruccio said.
In addition, he expects Bitcoin to reach $ 125,000 by the end of 2022, which is not always a smooth journey.
“What I’m talking to my friends and family is that I’m exposed to this space. I understand that this space is very volatile, so I can’t afford to go down in a short period of time. Don’t throw it in, “says Perruccio. “But I believe the overall trajectory will improve over the next five years.”
Beyond Bitcoin, he sees the momentum of two more controversial protocols, Ripple (XRP) and Cardano (ADA).
Ripple is a native token of RippleNet, a blockchain-based payment network launched in 2012. In 2020, Ripple was charged by the SEC for illegally raising $ 1.38 billion in unregistered securities offerings. The case is still in progress.
“Remember again, we are rumored to come out of a conversation with the SEC, and that’s all a positive note,” Perruccio said. “If that happens, you can expect it to run fairly aggressively.”
Cardano, on the other hand, is controversial because it is more centralized and has outstanding leadership that goes against some of the core principles of decentralized cryptocurrencies.
“I think Cardano has great upside potential. It’s a great organization and a great protocol,” he said.
Perruccio suggests that some innovative developments are being made from Cardano and that interesting research is being done in the field of digital identity.
“But we consider it a very high quality programmer and community,” Perruccio said.
In the memo, Perruccio’s colleague, president and managing partner Ben Tsai expect Cardano to be the best performing layer. With 2022 as one altcoin, Bitcoin is even more bullish on forecasts to reach $ 200,000 by the end of next year.