If you were looking for more long term bullishness for crypto, we may have just found some more in Coinbase Asset Management. Coinbase president, Asiff Hirji, recently announced the new Coinbase Index Fund on CNBC to further their designs and efforts “to help accelerate the maturation of the asset class”. He also said, and I quote, “we are committed to adding more coins to the platform, and we will”, which is more than logical if you’re going to launch a managed fund – no managed fund is limited to just four assets.
So what does all that mean?
I think it means that Coinbase and GDAX are going to be adding assets, and most likely sooner than later. I would say at least 20. I mean, can you think of an index fund with less than 20 components?
Okay, let’s be conservative and say they manage to convince investors that 10 components is diversified enough (after all, it is market cap weighted). What do you think? Will STEEM and BitShares be there? If they use serious criteria the likes of what Weiss Ratings uses, then STEEM and BitShares will be there. If they consult real time network load data and system stress as seen on Block’tivity, they’ll most definitely be there. And if they do basic rudimentary risk/reward analysis and calculate the huge potential both have to offer, it's a shoo in that they'll be there!
What does all that mean?
Crypto is going prime time, and STEEM and BitShares are going to be part of a very select crypto club in the spotlight!
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That’s what I think it means anyway.
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