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!