I think that the crypto world became 'Legit' when the crypto market cap broke $100bn. At that point, large leaders in the financial industry were beginning to recognize crypto and making their decisions about "what cryptos are" and whether or not to invest in them.
However, you could also argue that the crypto world became legit when they were first recognized as feasible by a major financial institution (by major I mean one with enough clout to get that recognition on mainstream news).
Thanks for sparking up this conversation!
RE: So now that Bitcoin Futures are Listed on Major NON-crypto Exchanges, does that Make Cryptocurrencies Legit?
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So now that Bitcoin Futures are Listed on Major NON-crypto Exchanges, does that Make Cryptocurrencies Legit?
I guess there are many metrics we could point to... here, I was insinuating the point where Bitcoin (even as a derivative) started trading somewhere that is NOT a cryptocurrency exchange, along with other forms of commodities and investment vehicles.
We could also say cryptos become something "serious" when the market cap crosses $1 trillion... which I'd expect to see sometime in 2018.
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