January Bubble Wasn’t Really a Bubble
Mike Novogratz, a billionaire investor and former Goldman Sachs and Fortress trader, told Erik Schatzker at the Bloomberg Invest Summit in New York that the cryptocurrency market is moving to the $20 trillion region.
Why is this important?
Well, currently, many people they are low on to their nerves.
Some more, Some less.
It's good to look this news like this from one reason:
If is someone in Bitcoin and other crypto currencies invested a lot more money than me and does not get nervous yourself ... he than even to talk about 20 a trillion dollars, there has probably some good reason!
We can safely assume he has better information than you ...
Wich?
For example,What Happens Behind the Curtain on stage ..
When we look at the show, we see only actors on the stage.
So is and now.
Blockchain technology is unstoppable.
Many people simply are against,
they are afraid or will not, or do not know,
and as always in the history they love Status Quo ...
or better that everything is lost (read: be a bubble) and yes I can say: "It's all that's a scam" ...
Fear and distrust is their work.
The market is, as hypnotized.
He behaves like a man who expects bad news and then he does not work it and can not do anything.
That's why need people's statements like Mike.
Large investors like Mike actually say, "It's not a scam." so their statements are welcome, especially when they have a realistic background.
So he says: “It won’t go there ($20 trillion) right away.
What is going to happen is, one of these intrepid pension funds, somebody who is a market leader, is going to say, you know what?
We’ve got custody, Goldman Sachs is involved, Bloomberg has an index I can track my performance against, and they’re going to buy.
And all of the sudden, the second guy buys.
The same FOMO that you saw in retail [will be demonstrated by institutional investors],” explained Novogratz.
The entry of institutional investors is on to waiting.
Blocktower founder and financial expert Ari Paul, think and says:The entrance of institutional investors would require stable and robust custodian solutions.
Given that many cryptocurrency businesses including Coinbase and conglomerates in the traditional finance sector such as Susquehanna have already started to build custodian solutions,
it is likely that institutional investors will enter the market in the mid-term.
And for the End
It is very nice to think that the cryptocurrency market will start to rebound from its lastest major corrections,
so far in 2018.
And how will grow and to surpass price all-time highs and reaching a $20 trillion market valuation!?
Small investors are waiting for the signal.
It seems to me that the signal will give "new" big investors.