James Bevan, the chief investment officer (CIO) at CCLA Investment Management, one of the UK’s largest charity fund managers, recently stated that he does not think the cryptocurrency market crash is “an existential crisis.”Bevan, who has previously served as CIO at Barclays Asset Management Group, explained that the drop in digital currency prices is more like “a bump in the road and institutional investors have had plenty of bumps in the road in conventional currencies and transaction systems.” Bevan’s comments regarding cryptoassets came during a panel discussion at the Bloomberg Crypto Summit - which took place in London on Friday (December 7th).
