For Crypto Everything Changed Last Week
The game is afoot!
Something huge just happened when Bitcoin broke through $15,000. When combined with the new BTC futures listings (even though settled with cash), it's an earthquake. To me it feels like we fast forwarded an entire year in the past week. Everyone is talking crypto and the biggest players are whipping out their checkbooks.
The giant is waking up and you will likely see another $1T in new investment money coming in to crypto in 2018. I'm talking about the big guys, the sovereign funds on down to the hedgies, everyone has to be in crypto currencies. What happens when you try to squeeze another trillion into a $350B market? You get a price explosion. If this happens, we could see an overall $4-5T market cap for crypto.
There are still wild cards at play, security hacks and breaks, major down drafts and regulatory problems, but the tail wind is so strong and persistent, the big guys are deploying the spinnaker to catch the maximum wind.
Many people are noticing this shift in mood, including friends of mine on the top deck in finance. For companies or projects raising funds, you might want to add another zero to your plans -- only the biggest, most capitalized enterprises will survive and for the best projects, the sky is the limit. For these companies, the funding is nearly unlimited.
We just flew right through 1998 and went straight into 1999. The money that will be deployed to capture value from this capital inflow will blow everyone's mind. I don't think something of this investing magnitude has ever been experienced in history.
Buckle up, it's going to be a bumpy but exciting ride!
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6 年What a cool picture! Seismic shift .
Director/Advisor in the business of future tech. Focused on exponential growth in blockchain, media, and e-commerce.
6 年I have little doubt about the Trillions that will be going into digital currencies. Will it be Bitcoin, others or new investments? Likely some things we've not even considered. Blockchain will be bigger than we can imagine, helping the big and small connect, trade and track the transactions. So much bigger than the runups we're seeing today and mostly NOT in currency trading.
Senior Info/Data Management Professional - Experienced Senior Leader in multiple Data Management disciplines - Data Strategy | Data Governance | Data Protection | Data Privacy
6 年Could you imagine a pension/superannuation fund investing millions into BTC or another altcoin and lose access to their wallet(s) either through hacking, forgetting credentials, or some noob changing the software code? I'd imagine only the lawyers would come out with a profit.