Yeah, this is true but there is also a high chance that the institutions will back something with a product already too. Meh, maybe they will just pump and dump big...
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Yeah, this is true but there is also a high chance that the institutions will back something with a product already too. Meh, maybe they will just pump and dump big...
You must consider that institutions, or rather the bureaucrats who run them, are "investing" other people's money. They have quarterly time horizon. The money pouring in will raise all coins, particularly the alt-coins, much like the "dotcome" bubble valuated the ludicrous pets.com at delusional levels. Just be prepared to exit out into another asset class when your hairdresser begin to give you crypto-investment advise.