A week ago we were riding high at bitcoin $8,200… now we’re threatening to break through $7,000.
I’m surprised, the market seems to be missing all the good news coming out.
The big news in my opinion…
First is that Northern Trust is helping hedge funds invest in cryptocurrencies and expanding blockchain into its business segments.
Northern Trust has over $10 trillion in assets under management and has all the biggest financial firms as clients.
Second is the Intercontinental Exchange(ICE), which owns the New York Stock Exchange, is going to open its own digital assets platform called Bakkt.
ICE is the biggest exchange operator in the world.
And third, Coinbase is looking to expand its Coinbase Custody coin list by 37 coins, including XRP, EOS, and XMR.
This makes it easier for institutional investors to invest in cryptos.
Overall, lots of goods news, but the markets are down… it doesn’t make sense.
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