My fellow Steemians,
The next crypto boom is coming, maybe sooner than we expect!
Last few weeks cryptos are getting crushed again, but there is some light on the horizon.
Institutions are getting ready for an entry into the crypto market:
-Goldman Sachs start-up Circle buys Poloniex for $400 million:
https://steemit.com/blockchain/@chinchilla/goldman-sachs-start-up-circle-buys-poloniex-for-usd400-million
This is a very postive developement and it means that Cryptos are here to stay.
-More regulation is on the way and this is a good thing, because regulation allows institutions and private civilians to enter the Crypto market without fear of their cryptos being stolen if the exchanges are regulated.
-Many institutions are working on ETF's: this will allow mom and pop investors to buy Cryptos with one click of the mouse.
-Cryptos are an uncorrelated asset in investment portfolios: a lot of investment advisors will be happy if they could allocate 5% of cryptos in the investment portfolios of their clients, which could generate hugh returns. This could bring an influx of capital of trillions of dollars into the crypto market.
-Trigger event: Consensus 2018, the biggest crypto event of the year, will begin on the 14th of May in the New York Hilton with more than 250 speakers and about 4.000 attendants. Big announcements will be made at and around this conference. This could be a big catalyst for a second crypto boom.
https://www.coindesk.com/events/consensus-2018/
-Big Crypto sceptics are changing their mind: e.g. J.P. Morgan Chase CEO said he regrets calling bitcoin a fraud.
https://www.cnbc.com/2018/01/09/jamie-dimon-says-he-regrets-calling-bitcoin-a-fraud.html
Conclusion: cryptos are here to stay and you could make a fortune by buying on down days, when sentiment for cryptos is low. I am buying!
Thank you for reading!
