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RE: The NYSE likely has found a bitcoin custody solution for institutional clients!
If what has been said is true and only $25 billion of new capital led to the the 2017 increase in valuations, then this news if executed would move the markets in multiples of that as the amount of capital from institutions on the sidelines are huge. We also still have the Fed welcoming risk taking as interest rates remain low so it will also support an allocationbof capital to riskier assets.
Yes, but even if institutional clients just allocated something like 1-3% of their portfolio, it would move markets in a big way. Not as a risky investment, just as a hedge in a non correlated asset.