Institutional Investors Are Officially Entering the Cryptocurrency Market!
Well, it is happening, even though many are looking at the current fiat values of crypto tokens out there, the fact is that crypto is expanding into theaters of business that in the past decade was only considers to be "wishful thinking".
Bitcoin.com.au has put out a news article detailing it all;
Bloomberg reported that institutions had replaced individuals as the largest Bitcoin buyers. Institutional investors had entered the market through organising transactions with Bitcoin miners.Forbes Magazine publishes the names of some of the institutional investors involved. Names like Goldman Sachs, which started offering a Bitcoin trading product. The New York Stock Exchange is also becoming involved with a Bitcoin futures market.
As can be read in the above quotes and in the sources listed in the quotes, it is clear that crypto is expanding and becoming a part of the economical world markets.
Definitely some great news for those of us who are looking at the long road of things!
For the full article please go to:
https://bitcoin.com.au/institutional-investors-are-officially-entering-the-cryptocurrency-market/
Hope you all enjoy this great piece of news out there,
Signing out for www.steemaustralia.org
Posted from www.steemaustralia.org via SteemPress : http://www.steemaustralia.org/institutional-investors-are-officially-entering-the-cryptocurrency-market/
While this latest setback can be very disappointing, those who are screaming "sell, get out, run," are not looking at the big picture. If the laws of supply and demand still exist, and institutions are currently injecting millions into crypto, you might as well play out your hand. If things crash and burn it would be horrible for many of us, but if things take off in the near future - but you sold during this latest round of FUD....? You will forever be thinking, "gee, if only I had held a little bit longer." Have courage and HODL everybody!
This might start a lift in crypto prices.
Money talks, that is the name of the game in any business out there!
So yeah, we'll see what happens "after" the big boys invest!
I was starting to feel it would never happen...
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