Anyone with a little perspective will have noticed that crypto is a series of bubbles. Bitcoin bubbles in its firsts years of life were pretty small and fueled basically by nerds, weirdos and lurkers of the internet. Those days the daily volume wasn’t even half a million (today: $5,000,000,000). We were only a handful of freaks buying and selling Bitcoin but that wasn’t an obstacle for Bitcoin to form bubbles. As Bitcoin reached greater audiences the price increased, reached a new stratum and keep on forming new bubbles.
Back to these days. In the bubble we’ve just seen last December were involved not only a few freaks but also a slice of the mainstream, a small slice. This bubble was fueled basically by millenials, young people, I’m going to take a wild guess here but I’d say the 80% of owners of cryptocurrencies are under 35. In December cryptocurrencies were already easily accesible and easy to buy (hence the spike), but it was actually not so easy for non-millenials and older people. Despite this, exchanges were overwhelmed by massive hordes of new clients, crypto-related subreddits exploded, crypto debates in tv, crypto everywhere, everybody went crazy… and that’s what happens when you set foot on mainstream. I want you to focus on the spike that happened in the last November-December fueled by millenials.
Some people say that after this correction that we’re suffering there’s no money left in the world to be put in crypto markets. But they’re wrong, and if they get rid of their holdings they’re going to miss out the biggest increase in price ever seen in crypto, and we would have to see suicide posts again but not because of a crash, but because of people who missed out and threw away the chance of their life. There’s another stage ahead and we’re heading to it. The next stage is where institutional money jump on board and renowned investors as well as innovative banks will lead the way.
Reputable investment funds will incorporate crypto to their portfolio, spreading the trend to another investsment funds. Banks will start offering crypto related products and crypto investment advice to their clients, just as they’re doing now with stocks, forex or pension plans. Exchanges will start to become more professionally managed. More bank-friendly. Institution-friendly. SBI virtual currencies is evidence of this. Even the feared regulations will play in our favor, cleaning up uncertainty and setting crystal clear rules. All these points combined are the flood gates.
This is going to get really huge guys. 20 trillion market cap, as someone predicted, is not crazy at all, and remember these wise words: Once the flood gates are opened… all hell will break loose. Which basically means, another crypto bubble is yet to come fueled by the whole financial system. You’ve been warned on June 2018.
Read more at: r/Cryptocurrency