Institutionals have a lot of appetite for crypto currencies - especially bitcoin, XRP ripple and ethereum (ETH). They lack access to crypto currencies. Their internal policies (especially in major institutional investing bodies) prohibit them from trading on exchanges: in other words - they cannot just open an account on Coinbase. The appetite will be addressed as soon as a major G20 allows a crypto ETF. This is a BRAND new asset class which no one has got (except for 400b USD mainly early retail clients and whales - very low cap, not very common, only the early insiders have got it now). There is so much more room to run for this asset class to grow ten fold. This asset class will suck money out of equities, out of sovereign debt, out of gold. I tried to quantify these three categories and I got approx. 150 Trillion USD. I am convinced 10% of that will flow into cryptos over the next 5 years. This theory sustains bitcoin prices north of 300k USD per Bitcoin. Some Elliot Wave gurus call bitcoin already: the safest asset class on this planet! It will flourish even when bonds (smart money) are dead!
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