As I long expected, the Bitcoin market is exploding with instutional demands. OTC desks have reported to have demand from wealth funds and banks have started opening crypto-currency trading desks meaning they will start to provide liquidity to the market. This tells me that there's a very good chance that there have been huge OTC deals made with institutional players and that soon exchanges will show this in price. Currently the Bitcoin market cap sits around 1-200 billion and it is my belief that this is too low for the type of capital flow coming from the traditional financial world. I believe once we have priced in this adoption phase and we are trading in the trillions, Bitcoin will be a protective asset like Gold and it will takeover it's function as such. If you know anything about the Gold market you know there's a high correlation with foreign exchange pairs and that it has a very important role in how capital flows and is protected in times of uncertainty. A g
Markets for Mere Peasants. I'm a financial market effect trader & educator. I do fundamental & technical analysis, behavioural finance, marketing/communication, PR & programming stuff.