• Latest
Institutional Interests Are Driving Bitcoin’s Resurgance, Entire Crypto Market In Flux

Institutional Interests Are Driving Bitcoin’s Resurgance, Entire Crypto Market In Flux

May 31, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Alt Coin

Institutional Interests Are Driving Bitcoin’s Resurgance, Entire Crypto Market In Flux

coinnewsdaily by coinnewsdaily
May 31, 2019
in Alt Coin
0
Institutional Interests Are Driving Bitcoin’s Resurgance, Entire Crypto Market In Flux
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022

Bitcoin’s price rebound is bringing renewed attention to crypto adoption, and all signs point to significant investment moving into blockchain assets over the course of the next few months. Not surprisingly, comparisons are being made to 2017, when Bitcoin, and many altcoins, rapidly increased in value, reaching all-time highs in early 2018. Nevertheless, much has changed across the crypto space over the past two years, and this next bull run is likely to include substantial interest from institutional players.

The fact that virtually all crypto investment has, to-date, been private and unregulated is one of the hallmarks of the blockchain space. There are very few professional investment funds, or involvement from legacy financial firms. Those that exist, however, are now seeing record highs. Grayscale Bitcoin Trust, for example, has seen record growth, and now holds over 225,000 Bitcoins on behalf of its shareholders. Also, the Chicago Mercantile Exchange (CME), has recorded a substantial increase in Bitcoin futures contracts, posting an incredible 33k on May 13th alone, which was worth well over USD $1 Billion.

Investment via professional, established financial firms is about to become far greater as more of these institutions become involved in blockchain assets. E*Trade and Fidelity will both start offering crypto trading within a few weeks, and interest from the public in crypto ownership is higher than ever. There is little doubt that more of these firms will soon join to take advantage of this growing market.

Importantly, however, is the fact that institutional interest is emerging from parties not affiliated with financial services. For example, logistics and manufacturing companies that intend to use blockchain technology are looking closely at VeChain and Iota, and could acquire large quantities in anticipation of future need. Also, many institutions are looking at distributed applications (dApp) platforms such as Ethereum and Stellar for the same reasons.

There is no doubt that this activity by corporate players is contributing to the significant volatility in the cryptocurrency markets. Although Bitcoin is clearly showing its strength as the flagship platform, this status is certain to be challenged in the coming months. Increasingly market activity is being driven by news of real-world applications by businesses and governments, with alt coins gaining much of the attention.

A key takeaway from the present state of the blockchain space is the fact that private investors are no longer the only players in the market. Investment from many professional sectors is now moving into this revolutionary asset class and it is this movement that is driving the price recovery. Bitcoin is the present beneficiary, but the future is far to uncertain to determine which specific platforms ultimately attain mainstream use.

Tags: Alt CoinAltcoinBitcoinblockchain technologyChicago Mercantile ExchangeE*Tradereal-world applications
Share76Tweet48
Previous Post

State Farm, USAA to Pay Each Other Insurance Claims on Blockchain by 2020

Next Post

What to Expect at the SEC’s Blockchain Forum on Friday

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum
Alt Coin

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
things you should know before investing in nfts
Alt Coin

Things You Should Know Before Investing in NFTs

April 24, 2022
Load More
Next Post
What to Expect at the SEC’s Blockchain Forum on Friday

What to Expect at the SEC's Blockchain Forum on Friday

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,809.003.48%
  • ethereumEthereum(ETH)$1,644.874.98%
  • tetherTether(USDT)$1.00-0.05%
  • binancecoinBNB(BNB)$318.274.26%
  • rippleXRP(XRP)$0.4145411.24%
  • cardanoCardano(ADA)$0.3957453.38%
  • dogecoinDogecoin(DOGE)$0.0901832.76%
  • matic-networkPolygon(MATIC)$1.173.05%
  • solanaSolana(SOL)$26.4210.53%
  • okbOKB(OKB)$39.642.31%
  • polkadotPolkadot(DOT)$6.624.15%
  • shiba-inuShiba Inu(SHIB)$0.0000122.77%
  • litecoinLitecoin(LTC)$96.889.27%
  • tronTRON(TRX)$0.0639731.78%
  • daiDai(DAI)$1.000.06%
  • cosmosCosmos Hub(ATOM)$13.886.13%
  • chainlinkChainlink(LINK)$7.413.47%
  • leo-tokenLEO Token(LEO)$3.68-2.34%
  • moneroMonero(XMR)$186.190.84%
  • ethereum-classicEthereum Classic(ETC)$22.674.90%
  • bitcoin-cashBitcoin Cash(BCH)$137.294.50%
  • stellarStellar(XLM)$0.0939741.43%
  • crypto-com-chainCronos(CRO)$0.0823241.40%
  • filecoinFilecoin(FIL)$5.515.42%
  • algorandAlgorand(ALGO)$0.2618102.49%
  • internet-computerInternet Computer(ICP)$6.263.58%
  • vechainVeChain(VET)$0.0246222.59%
  • aaveAave(AAVE)$88.105.15%
  • eosEOS(EOS)$1.112.17%
  • elrond-erd-2MultiversX(EGLD)$45.272.16%
  • theta-tokenTheta Network(THETA)$1.114.09%
  • tezosTezos(XTZ)$1.176.81%
  • paxos-standardPax Dollar(USDP)$0.99-0.41%
  • bitcoin-cash-svBitcoin SV(BSV)$44.312.43%
  • huobi-tokenHuobi(HT)$5.140.67%
  • havvenSynthetix Network(SNX)$2.470.43%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.143.62%
  • iotaIOTA(MIOTA)$0.2409682.07%
  • dashDash(DASH)$57.8214.78%
  • zcashZcash(ZEC)$47.475.37%
  • makerMaker(MKR)$670.313.42%
  • neoNEO(NEO)$8.412.98%
  • zilliqaZilliqa(ZIL)$0.0294841.06%
  • basic-attention-tokenBasic Attention(BAT)$0.2747856.02%
  • compound-governance-tokenCompound(COMP)$56.120.88%
  • nemNEM(XEM)$0.0398373.60%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.002.23%
  • bitcoin-goldBitcoin Gold(BTG)$17.772.12%
  • qtumQtum(QTUM)$2.723.67%
  • wavesWaves(WAVES)$2.73-1.62%
  • sushiSushi(SUSHI)$1.365.35%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,716.973.73%
  • golemGolem(GLM)$0.2482141.38%
  • omisegoOMG Network(OMG)$1.534.80%
  • ontologyOntology(ONT)$0.2199542.73%
  • digibyteDigiByte(DGB)$0.0110073.67%
  • umaUMA(UMA)$2.122.21%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%