As you are sitting here wondering why there are these sudden rises in the market I thought it might be helpful to share this little bit of info in case you forgot. I took this from a resent update from Teeka Tiwari.
Over the last 90 days, we’ve seen some of the biggest investors in the world flood into cryptos:
Wall Street investment bank Goldman Sachs announced that it would launch a crypto trading desk.
Susquehanna—the 12th largest trading firm in the world by volume—announced it would start trading cryptos, too. The firm even went as far as creating its own custody company to hold its crypto.
Billionaire investor George Soros—one of the world’s greatest moneymakers—gave the green light to his team to buy cryptos.
Coinbase—one of the world’s largest crypto exchanges—launched a crypto index fund for wealth investors and institutions.
Financial services company State Street said it’s considering acting as a custodian for Bitcoin. State Street has $2.7 trillion under management.
Wellington Capital—with over $1 trillion of assets under management—stated its intention to start trading Bitcoin.
The Rockefeller family’s venture capital firm, Venrock, said it’s also buying cryptos.
It's going to be a very interesting next few weeks as far as seeing how the markets will react to the SEC ruling on 8/10/2018 on Bitcoin ETF's and also the recent news of BlackRock Inc (a United States based asset management firm, home of the 10th largest hedge fund in the world with an asset management portfolio equating to around $6.288 Trillion) looking into getting into crypto.
I'm looking forward to enjoying the show.
