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 good example of this is also the massive exit out of USD into EUR and other assets like Gold because of uncertainty with the Trump presidency. Hillary would've been a much more stable and trusted candidate but we are in times of political turmoil.
Soon Bitcoin will be trading in the trillions and with Ethereum and Proof-of-Stake improvements to the nothing-at-stake issue with things like Casper and other consensus solutions we gonna see a lot of industries and markets adopt distributed systems simply because they are cost effective and solve certain trust issues. I think we are at the start of a huge blockchain adoption wave which will be led by the banks who have huge PR power and will use this to try and win volume and trust back from the common folk that massively are in exodus into deflationary products.
I expect the Bitcoin market cap to go into the trillions the next coming months, this will likely be between 1-10 trillion, I think this is the only thing that will justify the current adoption taking place by traditional institutions. I think they see Bitcoin's transfer and store function as valuable as we do especially cause it's the most secure decentralized trustless database in the world.
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 good example of this is also the massive exit out of USD into EUR and other assets like Gold because of uncertainty with the Trump presidency. Hillary would've been a much more stable and trusted candidate but we are in times of political turmoil.
Soon Bitcoin will be trading in the trillions and with Ethereum and Proof-of-Stake improvements to the nothing-at-stake issue with things like Casper and other consensus solutions we gonna see a lot of industries and markets adopt distributed systems simply because they are cost effective and solve certain trust issues. I think we are at the start of a huge blockchain adoption wave which will be led by the banks who have huge PR power and will use this to try and win volume and trust back from the common folk that massively are in exodus into deflationary products.
I expect the Bitcoin market cap to go into the trillions the next coming months, this will likely be between 1-10 trillion, I think this is the only thing that will justify the current adoption taking place by traditional institutions. I think they see Bitcoin's transfer and store function as valuable as we do especially cause it's the most secure decentralized trustless database in the world.
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