Banks and Funds About to Buy Crypto?
With the announcement of George Soros' fund getting the green light to invest in crypto, bulls are speculating that the next bull run is closer than once thought.
Institutional money has barely begun to enter the space. The potential wave up that banks and funds would create would dwarf the last move.
As regulatory structure and clarity increases, big investors and firms will have the risk metrics to allocate more capital to the space.
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cryptocurrency markets are down 41% since Soros last expressed his thoughts on bitcoin. If his entry is confirmed, it’s unlikely to provide any sort of short-term boost to the market. It adds further weight, though, to the notion that in the mid to long-term, investors are extremely bullish about bitcoin. George Soros is a controversial figure for a number of reasons, but when it comes to investments, he’s rarely wrong.
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its really great of that i show a great future for cryptocurrency,,its really great job
Now they getting what power crypto holds...
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Really a best initiative took by banks, I think governments will also buy them, crypto is having a good future, banks have understood it and now the governments of various nations have to understand that, like the government of my nation India.
I think we all could see that coming! They got scared after last year's explosion and then did everything possible to spread FUD and destroy the market in order to regain lost ground.
I can feel it's about to come, please can they wait for 2-6 more weeks. I'll have more cash. I also want to buy 5k steem and sbd just to hold.
I pray that they won't start bull run right now!
Thanks for this cryptocurrency news update providing.....
i appreciate your post, keep it up my dear friend....
upvote and resteemit
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Really? I missed that. But my sixth sense was telling me anyway that the next bull run will happen soon heh :d
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upvotr and resteemit
More people invest in crypto and HODL the prices will go high and high.
Upvoted and resteemed