BTC, ETH, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 09
The current bear market in crypto currencies will turn out to be a boon in the long-term. in 2017 had become frothy and attracted mostly retail traders who dreamy of becoming rich overnight. This was not good for the longevity of the virtual currencies.
The institutional investors don’t enter in a ‘bubble-like’ environment. Now, with most of the froth removed, we get rumors of some big names showing interest in investing in the digital currencies.
A name that stands out is that of the legendary investor George Soros. Bloomberg’s sources confirmed that Adam Fisher, the person in charge of global macroeconomic investing at Soros Fund Management, has received the green signal to proceed with cryptocurrency investing.
Another very prominent investor to enter into the crypto world is the Rockefeller family, through their official venture capital arm Venrock.
These are not all, as there are a few other macro managers who are showing interest in digital currencies.
If the institutional money starts pouring in, it will put a floor beneath most of the larger cryptocurrencies. Let’s see if we can find any signs of a bottom in them.
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