Institutional Traders May Drive Next Bullish Momentum

Institutional investors may be about to board the cryptocurrency market with new added strength as governments and central banks produce more regulatory clarity regarding the asset class, which removes uncertainty. With institutional traders moving in, the current market share dominated by retail players is likely to be reduced.

Financial moguls, including Rockefeller, George Soros, the Rothschild family, and others, already their sights set on Bitcoin.The Soros Fund Management venture internally approved the trading of virtual coins in the past few months. Soros called cryptocurrencies a bubble in January of 2018, just before Bitcoin losing over 40% of its value. As the dip seems to be at an end, the big players are moving in.