The recent price jump is consistent with the idea that institutions are entering the market soon, with the wall street exec crowd dipping their (big) toes in even sooner. The market is still trading on thin volume, so major purchases should drive the market quite a bit. The capital needed to fuel the next major rally most likely will be by institutional/ sophisticated buyers entering the market. The entire capital flow process will take years, but even if 1% of AUM are invested in crypto it will be an enormous rally.
I'm talking about hedge funds, pension funds, insurance funds, ETFs, index funds, etc. Big money. As part of a well diversified portfolio, crypto will be a sector like commodities, equities, bonds, foreign currencies, etc. Crypto will be much smaller allocation, but still part of it regardless.
Below you will find several articles that support this idea and try to recognize the canaries in the coalmines of the next phase of the big crypto rally. Major banks and institutions allocating money, reliable custody solutions by Ledger and Coinbase, CBOE BTC ETF approval, IBs setting up crypto trading desks, etc. Lots out there to read, but these articles are a good place to start.
Articles:
https://www.mckinsey.com/industries/high-tech/our-insights/how-blockchains-could-change-the-world
Enjoy!
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