Cryptocurrency is Going Institutional

Relatively quietly behind the scenes, there are large financial institutions creating custody solutions (methods of holding and keeping safe) for cryptocurrency (such as Bitcoin, Etherium, Monero, Zcash, Decred, 0x, Stellar, WAX, and the like) for institutional investors. One in particular is the Intercontinental Exchange or ICE, which is the company that owns the New York Stock Exchange. ICE has developed Bakkt to enable institutions and consumers to be able to have a safe haven to buy and store cryptocurrency. This is the beginning of crypto going mainstream.

Once Bakkt goes live, vast sums of money will come flooding into the market, which will likely be done “over the counter” which means that the transactions won’t happen on the exchanges so that the prices don’t have a massive spike.

There are other financial institutions such as Goldman Sachs, which owns Circle that recently purchased Poloniex, a cryptocurrency exchange like Coinbase, and Fidelity that are currently working on their own types of custody solutions as well, which will be open up the crypto market for the general public to finally feel comfortable investing in the crypto space.

Early adopters are likely to start to see significant gains coming over the next few years. If you are one of these people, hang tight and enjoy the ride.

If you aren’t currently investing in crypto. You may want to learn more and take advantage of the current low prices. We can help with the learning process and help you feel more comfortable in placing trades.

The crypto market isn’t like the stock market where you need to buy 1 share of Amazon at $2000 dollars or $150 for 1 share of Apple between 9AM-2PM EST. The crypto market is open 24/7 and you can invest in any crypto with very little money, purchasing only a fraction of a token. For example you can buy .001 Bitcoin for $3.61 at this moment of writing this.

*Disclaimer: The above references an opinion and is for information purposes only.  It is not intended to be investment advice.

*Always invest at your own risk and only invest money that you can afford to lose.

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