Deep in a Crypto Bear Market. How Long Can it Last? Big Players Getting in While it’s Cheap!

It’s been a tough eight months, full of false hope, fear, and greed. Many are now disgruntled by this crushing bear market, with every rebound becoming a dead cat bounce.

Altcoins are being hit hardest, with an average price pullback being anywhere from 70%-90%, especially ICO tokens with limited liquidity or a lack of valid product or service.

For the short-sighted and late buyers, it’s hard to hope for a return to December 2017 highs. Early birds who bought before Bitcoin ever reattempted $1,000 are holding firm, despite Jamie Dimon’s latest criticism, ETF hype, and government scare tactics.

Big Players Getting in Position

While the public panics, the big institutions in technology and finance are quietly entering the blockchain sector. Some of the key players include:

SBI Group
Google
BlackRock
JP Morgan

On top of that, according to press releases, Atlanta-based New York Stock Exchange owner Intercontinental Exchange (ICE) plans to launch a digital asset platform and a “physical” Bitcoin futures platform.

“In bringing regulated, connected infrastructure together with institutional and consumer applications for digital assets, we aim to build confidence in the asset class on a global scale, consistent with our track record of bringing transparency and trust to previously unregulated markets.” – ICE Press Release

When Will Bitcoin Reverse Back Upwards? Find out here >>> https://www.crushthestreet.com/articles/digital-currencies/deep-in-a-crypto-bear-market-how-long-can-it-last-big-players-getting-in-while-its-cheap