The talk and reality of Bitcoin futures, ETFs, and other means for traditional investors to get involved with the nascent crypto market drove Bitcoin to $20K. During the sell off the commentary turned to political risk and other fear topics. All the while the big money was still planning for their entry into the space. The surface has only been scratched and looking at the recent spate of news related to big money setting the stage for institutional involvement the timing is unprecedented. After the hedge funds get fully invested you can expect them to push for development of easily tradable crypto related instruments that main street can invest in. That unfortunately will create a bubble phase but a great opportunity for those buying now.
Soros, Gemini’s new platform, Venrock, NASDAQ, AWS blockchain tools....
Peter Thiel leading the charge once again!
I agree once crypto trading assets hit mainstream, that's when we will see a huge bubble. We are from there and now is still a great buying opportunity. The day when people can buy Bitcoin and other cryptos in their 401ks and IRAs is the day when crypto will surge. People were dumping their 401ks into NASDAQ stocks during the 2000 Tech Bubble, we are still a long way from being in a "bubble."
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Yes and this is a global market. In 2000 most of Asia was not even a factor. Smartphones and the connectivity it brings in and of itself changes the potential magnitude of this event. In 2000 most Americans didn’t have access to the very technology they were investing in. By the time crypto gets through the bubble phase people will be purchasing coins from any and everywhere on earth. It’s exciting but I wish we could avoid these massive bubbles (I.e we could make just as much money over the long term without the pain). After all very few people really can cash out at the top. Major bubble seems looks to be Inevitable so accept reality and hold on for the ride. As u say it’s still a few years out.
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it sure looks like it
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