The moment that everyone was rooting for is here. Bitcoin (BTC) broke the $10k level, and now, according to crypto experts things will change, and BTC will never trade in four digits again, some voices say.
At the moment of writing this article, BTC is trading in the green, and it’s now priced at $10,808.95 on CoinMarketCap.
The total crypto market cap surpassed $300 billion for the very first time since June 9, 2018.
Mike Novogratz opens doors for institutional investors
Mike Novogratz’s Galaxy Digital is expanding into crypto options contracts to meet demand from institutional investors.
The Block reported that Yoshi Nakamura, global head of business development at Galaxy Digital, said crypto mining firms and lenders are fueling sustained interest in crypto options which can be used to hedge against the “inherent volatility risk” of cryptos, as cited by the Daily Hodl.
Back in March, Novogratz said that “I think the macro case for [Bitcoin] is pretty strong. And so, if you can put a couple percent of your portfolio in, there’s a decent chance it catches wind. Fidelity is just getting set up. Bakkt continues to get delayed a little bit, but it’s not going to be delayed forever. They’re going to be in the game. And there’s lots of other players coming.”
This bull run will be bigger than the one in 2017
Anthony Pompliano says that this bull run will definitely be bigger than the one in 2017, as reported by the Daily Hodl. You can see his tweet below.
The best part about $10k Bitcoin is that @JWilliamsFstmed @MarkYusko and I started buying Bitcoin with the pension money at $3,800.
We never wavered.
LONG BITCOIN, SHORT THE BANKERS!
— Anthony Pompliano 🌪 (@APompliano) June 22, 2019
The crypto market is booming as we speak and a lot of crypto experts say that this bull run will definitely surpass the one in 2017.
More than that, the FOMO is about to be unleashed to the mainstream, and institutional money is expected to pour in the crypto space. This means mass adoption of the cryptos, the main goal for this year.
Keep your eyes peeled on the charts because things are about to be mind-blowing, according to most predictions.
