Kraken Australia CEO Jonathan Miller said institutional crypto demand is lagging in Australia but stablecoins and the right policy moves could see it catch up.
Australia’s crypto industry is in a good spot to benefit from a global “inflection point” for crypto demand, as long as its lawmakers make the right decisions, according to a Kraken Australia executive.
Speaking to Cointelegraph on the sidelines of the Grand Prix in Melbourne, Miller looked to the influx of fresh capital into Bitcoin ETFs, stablecoin adoption, and BlackRock’s recent move to launch a $100 million tokenization fund on Ethereum as reasons to take a bullish outlook on crypto in the coming months.
“We are now at a positive inflection point when it comes to demand. It feels like we’re well and truly back in a positive place for crypto,” said Miller.
