Blockchain CEO Predicts Big Things Ahead for Bitcoin This Year
Credits: Newsbtc.com
Well, there's a name that we don't often hear in the news, the name is Peter Smith, he's the CEO of blockchain and we don't hear a whole lot coming from him but when he does pop up, people listen.
Institutional money will probably continue to grow, and it will continue to come into this space and as that institutional money comes in, it will create things.
We have institutional money coming in through the institutional vehicles, investment vehicles, we have institutional money coming into funding and venture capital, and what's great about this amount of money that's coming in, people will use it especially entrepreneurs and operators. They'are going to use it to build great stuff. After they continue to build great stuff, we'll see retail continue to increase as actually usable applications beyond crypto kitties begin to emerge.
In mid August when we receive a Bitcoin ETF ruling, that could probably be a booster.
Let me know your thoughts on Smith's ideas in terms of institutional money growing into 2019 and beyond.
Are we moving into the bull market? Is this the time?
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