The cryptocurrency boom of 2017 caused not only the enthusiasm of newbies but also criticism from conservative investors with large capital. However, recent news suggests that the giants of the investment market have changed their minds.
For example, the George Soros family fund plans to start crypto trading. Recently, Soros said the bitcoin is a bubble, which won't burst thanks to dictatorships interested in preserving their assets. It was also reported that an investment company founded by the Rockefeller family, Venrock, is about to join cryptocurrency market. At one time, it made money from investments in Apple and Intel.
On the one hand, the interest of such large players increases other investors' confidence in the cryptocurrency. In recent days, the market is gradually rising, which is partly attributed to this fact.
On the other hand, since the cryptocurrency market is not yet very large, companies with such assets ($26 billion in the Soros fund and $3 billion in Venrock one) can seriously affect the alignment of forces.
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