“All the money is still in fiat because the crypto market cap is so small; it’s like one thousandth of the U.S. dollar market cap. And the bridges are not very smooth; there’s a bottleneck. That’s why we want to help solve this problem.”
Good article about the price and future of bitcoin. Changpeng “CZ” Zhao is a lot closer to the crypto market then I am, so I listen closely to what he says. And I agree, when it becomes easier for money to move from fiat to crypto is when the real price increase will happen in bitcoin and the others coins. I'm starting to buy bitcoin and ethereum again, hoping that we break out to the upside and start trading in a new, higher range.
Read the full story here...
https://cryptoslate.com/binance-ceo-i-dont-understand-why-the-bitcoin-price-isnt-shooting-through-the-roof/