In this article we will talk about some very bullish indicators which suggest a bright future for crypto. One thing has to be kept in mind though, this article is not financial advise but only for entertainment purposes. It will cover some of the latest events and we try to look into the future of crypto.
Survey shows adoption of crypto
Institutional interest in crypto seems only to increase. According to a recent survey 62% of institutional investors with zero crypto currency holding are planning on changing that within the next year. Furthermore, the study tried to find out the reason why this trend is happening. The result was that improved crypto regulations and the indefinite money printing by government were the main reasons. This upwards trend also shows up in the decision which big institutions like Fidelity do. In general Fidelity is planning on expanding its staff by 70% on strong crypto demand.
To continue with these amazing news: Even banks are looking into crypto. Morgan Stanely doubles its holdings in Bitcoin. Furthermore, one of France’s banks is looking to use mortgage backed bonds to mint 20 Mio. DAI. A quick side note here, France has the most institutions that are holding crypto. In fact, Europe is starting to become the new hotspot of Crypto trading and data suggests that most of this money goes into DeFi protocols and Ethereum.
Want more bullish indicators? Grayscale is taking UNI and SOL into their portfolio which shows that these institutions are going deeper into the crypto forest. Some of them are going even so far and are issuing their own Token (Revolut). Additionally, VISA is trying to line itself up as complementary service for the DeFi space by developing their UPC. It is a network for blockchain networks including the current networks and all the future bank networks to come. This is very similar to COSMOS. Which one would be better is yet to be found out.
Conclusion
With all this crypto adoption it is very easy to fall into too much euphoria. At this point I am myself very excited what the future of crypto looks like. With this being said: It is very likely that we will see some more ups and downs over the next months and years. But in my understanding the long term future of crypto looks very bullish.
Published by ga38jem on Publish0x on the 5th of October 2021
