Just my thoughts:
Bitcoin is not just being bought be retail investors anymore. Wall Street is buying (and will continue to buy) as they develop and market new investment products such as Crypto exchange traded funds,Bitcoin Unit Investment Trusts, CD's indexed to Bitcoin movement.
Look at $PYPL recent addition of Crypto purchases, still in the infancy stages. Over time, other financial services and banks will be compelled to have some type of Bitcoin exposure and platform.
Look at $MSTR and $TSLA.
We should anticipate a S&P500 level company coming out with a secondary stock offering this year (or next) and specifically reserving a % of the funds raised, for investment into Crypto.
Crypto currencies will also cannibalize some of the money that wants exposure to Gold as an end-of-times or hyper-inflation hedge.
Bitcoin is not just being bought be retail investors anymore. Wall Street is buying (and will continue to buy) as they develop and market new investment products such as Crypto exchange traded funds,Bitcoin Unit Investment Trusts, CD's indexed to Bitcoin movement.
Look at $PYPL recent addition of Crypto purchases, still in the infancy stages. Over time, other financial services and banks will be compelled to have some type of Bitcoin exposure and platform.
Look at $MSTR and $TSLA.
We should anticipate a S&P500 level company coming out with a secondary stock offering this year (or next) and specifically reserving a % of the funds raised, for investment into Crypto.
Crypto currencies will also cannibalize some of the money that wants exposure to Gold as an end-of-times or hyper-inflation hedge.