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How much longer can the likes of Leo and Hive hide away not attracting investment?
We have see the Bitcoin bull run playing out in front of us mainly down to institutions investing buying up whatever they can get their hands on. At some point the ones leading the charge will step back and look at various other investment opportunities like Alt coins.
Bitcoin at $50 000 is still seen as a good deal as the thoughts of many with me included that it will hit $1 million within the next 5-10 years. Most likely it won't just stop there and will continue to rise which is a scary thought as so many of us just watched it without grabbing enough of it.
There are 10's of 1000's of institutions dotted around the world and many like us have been watching and are still not onboard yet. JP Morgan did a survey recently of 1500 investment firms and only 11 percent were involved in crypto. 22% believed they would at some point invest in crypto, but not necessarily Bitcoin.
The biggest concern still is safety and the safety of their investments. Fraud and safety top the survey as to why many are still hesitant as it is their clients money they are dealing with. I do believe that there will be new protocols and regulations added before the bulk of the institutions pile in.
The buy in has just got going and we are just not used to seeing such large numbers being splashed around so we think it is big already. Looking at what is going on possibly the new bottom for Bitcoin could be around $50 000 until the others jump in which will change things entirely.
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Grayscale is diversifying all the time and the last list included 23 Altcoins on their watch list.
We presume they will all be buying Bitcoin but I don't think that is going to be true for all of them as we have seen Grayscale diversify their portfolio to a number of different Altcoins. Grayscale already has over a billion dollars tied up in Eth.
Hive or Leo having institutional support as in an investment opportunity is not out of the question and one that would sky rocket the prices. Leo is looking more and more appealing as what they are rolling out is not going unnoticed. Companies will have specialists digging deep doing research unearthing gems like Leo and Hive paying special attention to what is unfolding. Bleo could be what changes things or it could be the combination of other developments making the entire package suddenly seem more investable. This is not just about attracting the masses to join. but enticing the institutions to buy into what we have.
We all think we are under the radar which we are for now, but some of the bigger players will be having their spies looking into us as that is in their best interest to know. This is a new area of investment for all of them so they will spend millions on researching the various block chains as this is where the serious money is going to be made as finding what is the next big thing is going to make these companies even bigger. They are all doing their homework learning what Altcoin is having a real use case just like what we do when looking for an opportunity to invest and making money removing the risks.
Ask yourself one question and that is if you were not part of Leofinance and saw what was happening as an outsider with the development and growth would you invest?