The coin is rallying quite nicely which is really fantastic to see.So in this article I'm going discuss three reasons why the rally should not be dismissed and whites essentially good to take it seriously. so they're further do folks let's go ahead and get into three reasons. why the rally cannot be dismissed so big one is rallying and can no longer be ignored a step Brian Kelly founder and CEO BKC M. L. L. C. an investment firm focused on digital currencies this guy knows. what he's talking about quote it's a serious market Kelly said from Hoover institution's annual monetary policy conference at Stanford University on Friday.
He continues on to say what I would go to events like this in years past you would kind of dismissed the court and quote Kelly said on fast money. But it's been induce up several set at this comparison in taken completely seriously and I guess you have to you with a marketcap at side a trillion dollars in the current marketcap of the queen as its price rises is obviously. one of its biggest selling points the larger the marketcap. I honestly think the higher the respect for the currency because with such a huge marketcap of nearly half a trillion dollars people really bounce to take the cryptocurrency bitcoin and other crypto currencies more seriously in general. so let's continue on Brian Kelly credits Goldman. Sachs its plan to open the first big point trading firm of any Wall Street bank for pushing the demand higher especially among institutional investors Kelly says a golden made a gross move into the cryptocurrency duration they're determinately the leadership among the institutions in the path clearly Goldman Sachs is a stout organiation.
Regulatory clearly is also pushing the coin's value higher And Kelly also states one thing that is interesting is that the court is clearly a currency almost everyone. I've talked to you and people here at this event are talking about the queen as currency not as a security and finally Kelly said the blockchain week in New York City records biggest event is coming up next week hoping to generate more buzz around the bitcoin essentially approach world world. we descending upon New York to talk about crypto currency at this time Kelly said. So to reiterate the points once again mentioned by Kelly who was a large brick went for manager are one institutional investors. such as Goldman Sachs to regulatory clarity
and governments not being quite as heavy handed on the regulations but taking a more evenly shield approach. which something that I really want to see you know not necessarily more taxation. I don't want to see people being arrested for doing your crypto currencies especially on a non violent basis or if they're selling crypto currencies and sort of a victimless crime sort of way.
I don't see governments cracking down on that sort of thing with some regulation is all right in my opinion. And a positive the queen news is also driving declined upward especially conferences such as the blockchain week of New York City or watching week New York City kind of an interesting title these events. were wealthy and well renowned individuals Attendant talk about the queen and other critter currencies are really doing the currencies of lot of favors especially because people respect the opinions of investors and other individuals. who attend these events I think that when you see institutional groups and larger firms talking about the queen and other crypto currencies people tend to take them a lot more seriously on the whole. I know that when I was a younger investor crypto currencies I always appreciated hearing the opinions of more experienced individuals especially with investing and other aspects of financial management. So I really do think that the courts prayers will probably continue to rally into the summer prices generally have in the past to a certain degree especially over may but may is already proceeding. However it's not nearly done yet so it still has a lot of time to develop but I think the court has a lot further to go especially this year and twenty eighteen circus who develops ever. let me know you think down the comments section below leave a like feel Upvote this article follow more content let me know you wanna see next and article.
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