The British executive of the CCLA charity fund believes that the bitcoin bear market is just a "bump in the road" for Cryptos

It seems that the cryptocurrency incident that the crypto market has recently experienced is just a "bump on the road", according to an important British charity fund manager. James Bevan, the chief investment manager of the CCLA, spoke at the Bloomberg Crypto summit in London on the current sentiment around the cryptocurrency market.

He told the audience that he does not see the market collapse as an "existential crisis" in virtual currencies. Instead, he believes this is just a "bump on the road". He continued to compare the cryptocurrency market with traditional finance. He explained that institutional investors also have different problems with conventional currencies and transaction systems.

CCLA is one of the largest fund managers in the country and has approximately £ 7,842 million of assets under management until the last day of March 2018. According to an article published by Bloomberg, he also believes that the future of virtual currencies will result in greater regulation. Furthermore, there will be more financial institutions, less volatility and greater integration with other traditional resources in space.

There are several companies like Nasdaq that are entering the virtual currency space. At the same time, the Intercontinental Exchange (ICE) also decided to launch a platform related to cryptocurrency for institutions called Bakkt.

Marieke Flament, Circle's Chief Marketing Officer, noted that it is useful to "start the encryption rules". In this way, it will be possible to learn from mistakes and other potential challenges.

It seems that on the market there are several bullish individuals on the future of the cryptocurrency space. Although Bitcoin is in a bear trend from the beginning of the current year, the future looks bright for Bitcoin and other virtual currencies.