Yup, you read that right folks, we can finally be certain that institutions are coming in! Brian Armstrong, the CEO of Coinbase said on Twitter that he is seeing between 200M-400M each week coming from institutions. Amazing!
“Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it's safe to say we now know the answer. We're seeing $200-400M a week in new crypto deposits come in from institutional customers.” - Brian Armstrong on twitter
This is amazing news for us, we will soon get the much-needed attention our space deserves and has been fighting for.
I am now more bullish than I ever was. Here is the thing, most Steem users only pay attention to STEEM, ok, I get it, STEEM is great, but one shouldn't stop looking for what is happening in the rest of the crypto-space!
I've seen STO (security token offerings) valued at billions! I've seen big companies valued in the billions of dollars start a company in the crypto space... yes, most of those are going to ETH, but who cares where they run in! The more people interested in the crypto space the better it is for us, maybe we will not be the number one blockchain, but we will be one of the top blockchains where tokens run!
Did you know that Wallmart China, Deloitte, DNV GL, BYD, and many of the Chinese governments supply chains are putting products day in and day out into a public blockchain? Yup, I'm not going to tell you which one, because this isn't a shilling post, but this is absolutely amazing!
Did you know the guy who created VOIP has an ERC20 token that is trying to fight the way banks have been giving us interest? He shares 80% of the revenue with the depositors! And he has a lot of experience in the business world! He is literally trying to give the banks a big middle finger!
Did you know RED, the number one Romania electric company has a token that also runs on ERC20? They want to democratize the way the energy market works by allowing the producers to make contracts directly with the consumers and vice-versa, this also allows the incentivization of green energies, making the transition of fossil fuel to green energies much quicker!
Did you know that there is a crypto with ties to the largest financial services provider in the world? UnionPay... yup, that's right, and they will soon launch a dapp on a blockchain!
I didn't name any of the cryptos, but a quick search on Google can help you find out which cryptos I'm talking about, I don't like shilling my bags, especially since I want to buy more. Yup, the future will be amazing, and STEEM will have a place right in there.
STEEM has many competitors (trybe.one, publisher, whaleshares, voice) between all the competitors I think the only one which I would pay attention to is Voice... but they have different system and voice has KYC which might not appease a portion of the population.
The future is looking brighter and brighter by the day, I was scared before, maybe this was just a fad, maybe we wouldn't get anywhere with this space... but I'm not anymore, I'm 90% sure the next Amazon, Google, Youtube, Facebook, etc... will come straight out of Crypto.
Images Free Source - 1, 2,3,4,5,6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 - Tradingview snapshots too.
Question of the day: What other cryptos do you know that have ties with big companies and big corporations?
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