Cryptocurrencies are gaining momentum in 2018 as evidenced that 1 in 5 financial firms plan to start trading.
One in five financial firms, ranging from hedge funds to the biggest banks, are considering trading digital currency in the next three to 12 months, according to a new Thomson Reuters survey published this week.
Of those that showed interest, about 70 percent said they were planning to trade in the next three to six months.
The news is a sign of improving sentiment and should be "very positive" for bitcoin prices, Brian Kelly, founder and CEO of BKCM, says.