Shawn Owen: Bitcoin’s First Institutional Cycle Has Arrived
By Patrick Green
AI summary of the source article
In an interview with Grace Remington and Sean Hagan, SALT Lending CEO Shawn Owen discussed the arrival of Bitcoin's first institutional cycle. Owen stated that banks, credit unions, and registered investment advisors are facing fear of missing out as previous barriers to adoption dissipate. He highlighted Bitcoin's role as pristine collateral for lending, the compression of its volatility, and the establishment of secondary markets for Bitcoin-backed loans. Additionally, Owen addressed how the introduction of Bitcoin exchange-traded funds has altered SALT Lending's borrower base amidst shifts in broader markets.
Why it matters
The removal of barriers for banks and registered investment advisors could expand Bitcoin-backed lending and deepen digital asset integration in institutional finance.
Key facts
- SALT Lending CEO Shawn Owen stated that banks and credit unions are racing to adopt Bitcoin.
- Owen noted that barriers preventing banks and registered investment advisors from participating have come down.
- The launch of Bitcoin ETFs has altered the borrower base for SALT Lending.