Evidence Smart Money Crypto Infrastructure Is Being Built
I have been talking for quite some that that the pipelines from Wall Street to the Crypto space is being built. I have been talking for quite some time that the Smart Money is gear up to put $2 trillion to work in the Crypto space. Here is yet another example of the Smart Money coming to a Crypto near you.
Stock exchange operator Nasdaq is adding indices for bitcoin and ethereum to its global data service later this month. The company announced Monday that it has partnered with New Zealand-based blockchain data and research firm Brave New Coin to offer information on the two new indices starting Feb. 25.
The Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) will offer “real-time” information on the Nasdaq Global Index Data ServiceSM (GIDS), its consolidated data feed, Nasdaq said.
Nasdaq has been very active in the crypto and blockchain space, including investors in industry startups. Last month, the firm led a $20 million Series-B funding round of enterprise blockchain startup Symbiont.
Back in November, it was revealed that Nasdaq has partnered with investment management firm VanEck to “bring a regulated crypto 2.0 futures-type contract” to the market in 2019, though no additional details have been revealed since then.
So what can we expect from Ethereum prices in the short term, lets go to the charts to find out?
Weekly Chart (Curve Timeframe) - weekly demand is at $82 and monthly supply is at $287.
Daily Chart (Trend Timeframe) – the trend is down with a daily supply at $184.
4 hr Chart (Entry) – the chart suggests to go long when price hits the 4 hr demand at $97 and/or go short at the daily supply at $184.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
Yes, I'm agree I hope that the reason for.the next bull run will be thanks to the "institucional movements" but still we have an issue, the real application of the Blockchain in to the life it's not quite certain... So I'm expecting a bull run, but not yet a new ATH
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Agree, it will be a slow and steady grind up, until it's more accepted by the Masses and Institutions.
Just a matter of time. It's all about the money and there is just way too much of it for institutions to not profit from the crypto space.
Agree, I get more and more excited every day.
Wall Street is salivating over the opportunity to get involved in this assets class as they want to offer new products to customers and grow assets. The creation of custodial services in the crypto space will bring an interesting moments for prices this year.
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And I'm salivating for them to get into the space....lol.