Sonnenshein: Institutional career risk has flipped to FOMO for crypto allocators
Michael Sonnenshein · Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181) · Mar 11, 2021 · at 43:43
Grayscale CEO Michael Sonnenshein explains how investment committee psychology around digital asset allocation shifted from reputational risk to the risk of missing out.
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“They have all capitulated from the career risk Of getting involved or being the guy in the investment committee that raises their hand and says, well, why don't we put 50 basis points into crypto or, you know, and capitulated to the career risk of not being the person that raises their hand.”
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